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May 02, 2023Euro-Pound trades at 0.8787 after gaining 6 pips (0.08%).
Euro-Pound is currently trading at 0.8787 following the release of Consumer Price Index data from the Euro Zone.
Meanwhile, Euro Zone Consumer Price Index released today at 09:00 UTC with a figure of 7%, while the previous figure was 6.9%. Italy Consumer Price Index came out at 0.5%, while a consensus of analysts was expecting 0.3%. Euro Zone Consumer Price Index released today at 09:00 UTC with a figure of 0.7%, while the previous figure was 0.9%.
Other currencies are also rising as AUD/USD added 0.83% to its value, now trading at 0.6687.
At the same time, EUR/AUD is trading around 1.6377 (down 176 pips). GBP/NZD is down 118 pips from the beginning of the session and now trades around 2.0133.
Furthermore, the market is looking at Euro Zone Unemployment Rate figure is projected at 6.6. It previously stood at 6.6; data will be released tomorrow at 09:00 UTC. Germany Buba Wuermeling speech is scheduled tomorrow at 09:00 UTC. Euro Zone ECB McCaul speech set for tomorrow at 12:00 UTC.
Trading mostly sideways for 2 months. Having set a significant low of 0.7134 10 months ago, Euro-Pound is trading 23.09% higher.
