EUR/GBP drops while GBP/USD rallies as UK inflation slows less than expected, EUR/USD flat
EUR/GBP drops while GBP/USD rallies as UK inflation slows less than expected despite it dropping significantly to 2.3% YoY, EUR/USD flat
EUR/GBP slips further still
EUR/GBP is trading in two-month lows and is fast approaching the £0.8503-to-£0.8499 significant support zone which is likely to at least short-term hold.
Minor resistance is seen along the breached support line at £0.8538.
GBP/USD surges ahead
These past few days GBP/USD range traded in low volatility in two-month highs ahead of today’s higher-than-expected UK consumer price index (CPI) data which led to an acceleration higher towards the $1.29 region taking place.
Potential slips may find support around Friday's low at $1.2645.
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