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May 31, 2023After closing the previous trading day at 0.8646, EUR/GBP is up to 0.8647, which makes for a move of 0.01%/1 pips today.
Germany Unemployment Change data will be released today at 07:55 UTC, with an expected improvement to 14,000 (previous figure was 24,000).
At the same time, Italy 10-Year BTP Auction released yesterday at 09:25 UTC with a figure of 3.79, while the previous figure was 3.77. Spain HICP (YoY) (May) came out at 2.9, while a consensus of analysts was expecting 4.1. Spain Consumer Price Index came out at 3.2%, while a consensus of analysts was expecting 4.4%.
Other currencies are showing mixed performance as EUR/USD moves 0.07% to trade around 1.0731. USD/CHF trades around 0.9061, with no major change.
Furthermore, the market is looking at Germany Unemployment Change is projected to outperform its last figure with 14,000. It previously stood at 24,000; data will be released today at 07:55 UTC.
The market is looking forward to the release of new data: Euro Zone ECB President Lagarde speech is expected today at 12:30 UTC. Euro Zone ECB Publishes Account of Monetary Policy Meeting will be released tomorrow at 11:30 UTC.
Trading mostly sideways for 3 months. Having set a peak of 0.9785 around 7 months ago, Euro-Pound is now trading 11.64% below this level.
