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May 19, 2023Currently trading at 0.8681, EUR/GBP remains range-bound between 0.867 and 0.8702.
While Euro-Pound is up today, these currencies are lagging behind: EUR/JPY is down to 149.02, losing 31 pips, after closing at 149.33 in the preceding trading session. GBP/NZD closed at 1.9872 (down 0.2%). GBP/JPY is trading around 171.62 (down 35 pips).
The market is looking forward to the release of new data: Euro Zone ECB President Lagarde speech scheduled to come out today at 19:00 UTC. Germany Producer Price Index is projected to outperform its last figure with -0.5%. It previously stood at -1.4%; data will be released today at 06:00 UTC. Euro Zone ECB Economic Bulletin is expected today at 08:00 UTC.
Trading mostly sideways for 3 months. Euro-Pound is now trading 11.28% away from its significant high of 0.9785 first tested 7 months ago.
