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June 02, 2023Currently trading at 0.859, EUR/GBP remains range-bound between 0.8582 and 0.86.
At the same time, Euro Zone Consumer Price Index came out at 6.1%, while a consensus of analysts was expecting 6.3%. Spain Unemployment Change released today at 07:00 UTC is better than expected at -49,300 but down from preceding data of -73,900 according to new data. Euro Zone Core Consumer Prices released yesterday at 09:00 UTC with a figure of 5.3%, while the previous figure was 5.6%.
A look at other currencies also shows bullish price action as having closed the previous session at 0.6577, AUD/USD is up 0.83% today to currently trade at around 0.6631.
While Euro-Pound is up today, these currencies are lagging behind: EUR/AUD closed at 1.6234 (down 0.83%). GBP/NZD closed at 2.0559 (down 0.34%).
Also worthy of note, United Kingdom CFTC GBP speculative net positions scheduled to come out today at 20:30 UTC. Euro Zone CFTC EUR speculative net positions is scheduled for today at 20:30 UTC.
Trading mostly sideways for 3 months. Having set a peak of 0.9785 around 7 months ago, Euro-Pound is now trading 12.21% below this level.
