EUR/GBP HOLDS POSITIVE GROUND ABOVE 0.8550 AFTER UK CPI INFLATION DATA
EUR/GBP HOLDS POSITIVE GROUND ABOVE 0.8550 AFTER UK CPI INFLATION DATA
EUR/GBP is trading around 0.8565 during the early European session on Wednesday, maintaining a positive stance above the 0.8550 level.
The British Pound (GBP) weakens against the Euro (EUR) following the UK's Consumer Price Index (CPI) inflation report.
Investors are closely monitoring the Eurozone's Harmonized Index of Consumer Prices (HICP) report scheduled for later in the day.
The pair's ability to hold above 0.8550 suggests bullish momentum, with potential for further gains if the current trend persists.
The weaker-than-expected UK inflation data may influence market expectations regarding future monetary policy decisions by the Bank of England.
