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June 30, 2023EUR/GBP drops from 0.8615 to 0.8591, losing 24 pips (0.28%) today.
Euro Zone Consumer Price Index is next today at 09:00 UTC.
Fresh GDP data released in United Kingdom matched analyst forecasts with a reading of 0.2% — a backwards step from its previous reading of 0.6%.
Amid the market gloom, new United Kingdom GDP data was unchanged from the previous month and matched analyst projections of a reading of 0.1. Germany Consumer Price Index came out at 0.3%, while a consensus of analysts was expecting 0.2%.
In the meantime, negative performances are also seen in other pairs as EUR/NZD closed at 1.7828 (down 0.4%).
Positive performances can be seen by looking at other currencies as NZD/USD improves 0.31% to trade around 0.6088. GBP/JPY improves 0.22% to trade around 182.91.
Furthermore, Euro Zone Consumer Price Index figure is projected at 5.6%. It previously stood at 6.1%; data will be released today at 09:00 UTC. Euro Zone Core Consumer Prices figure is projected at 5.5%. It previously stood at 5.3%; data will be released today at 09:00 UTC. Euro Zone Unemployment Rate figure is projected at 6.5. It previously stood at 6.5; data will be released today at 09:00 UTC.
Trading mostly sideways for 4 months. Having set a peak of 0.9785 around 8 months ago, Euro-Pound is now trading 11.96% below this level.
