The EUR/GBP currency pair is trading nearly flat on Tuesday, with its recovery from Monday's low of 0.8795 losing momentum below the key resistance zone of 0.8715-0.8720. Market sentiment remains cautious as investors prepare for the upcoming release of the UK Consumer Prices Index (CPI) figures, which are expected to provide insight into inflationary pressures in the UK economy.
As traders await the pivotal CPI data, the exchange rate's current stasis reflects broader market uncertainties. A significant shift in the inflation outlook could influence the Bank of England's monetary policy decisions moving forward, impacting the GBP's strength against the Euro. The current trading conditions underline the delicate balance in the forex market as participants navigate potential volatility in response to macroeconomic indicators.
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Data Source: FX Killer Analysis Team Updated: 2025-11-18 15:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.