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June 26, 2023After closing at 0.8566 Friday, EUR/GBP began today at 0.8562 with significant bullish sentiment driving EUR/GBP's price action higher. So far today, price action has drawn out a distinct 0.856 to 0.8583 range.
Elsewhere, other currency pairs are also gaining ground as NZD/USD is up 0.45%.
While Euro-Pound is up today, these currencies are lagging behind: GBP/NZD is down to 2.0628, losing 71 pips, after closing at 2.07 in the preceding trading session. EUR/NZD is trading around 1.7673 (down 59 pips).
Furthermore, the market is looking at Germany Current Assessment (Jun) will be released today at 08:00 UTC. Germany Business Climate Index projected to come out at 90.7 — worse than previous data of 91.7; data will be released today at 08:00 UTC. Today at 08:00 UTC data for Germany Business Expectations will be released, with an expected decline to 88.3 from the preceding figure of 88.6.
Trading mostly sideways for 4 months. Euro-Pound is now trading 12.45% away from its significant high of 0.9785 first tested 8 months ago.
