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June 21, 2023
EUR/GBP spikes to 0.8606 gaining 53 pips.
At the same time, United Kingdom Consumer Price Index released today at 06:00 UTC with a figure of 8.7%, while the previous figure was 8.7%. United Kingdom CBI Industrial Trends Orders (Jun) came out at -15, while a consensus of analysts was expecting -17. United Kingdom Nationwide HPI (YoY) released today at 08:30 UTC with a figure of 3.5, while the previous figure was -3.4.
Other currencies are also rising as EUR/JPY gained 0.85% and is currently trading at 155.71.
Meanwhile, USD/CHF is trading around 0.8924 (down 52 pips). GBP/NZD closed at 2.0573 (down 0.54%).
Also worthy of note, United Kingdom BoE Interest Rate Decision (Jun) will be released tomorrow at 11:00 UTC. United Kingdom BOE Inflation Letter scheduled to come out tomorrow at 12:00 UTC. United Kingdom BoE MPC vote hike (Jun) is scheduled for tomorrow at 11:00 UTC.
Trading mostly sideways for 4 months. Having set a peak of 0.9785 around 8 months ago, Euro-Pound is now trading 12.59% below this level.
