The EUR/GBP currency pair is trading flat at approximately 0.8785 during early European hours on Tuesday, reflecting a cautious market sentiment. Traders are opting to remain on the sidelines as they await the preliminary release of the Eurozone's Harmonized Index of Consumer Prices (HICP), which is expected to provide insight into inflation trends in the region.
The upcoming HICP data is pivotal for market participants, as it will influence future monetary policy decisions by the European Central Bank. With the exchange rate hovering just below the 0.8800 mark, any unexpected shifts in inflation readings could lead to increased volatility in the EUR/GBP pair, impacting trading strategies and sentiment across the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-12-02 07:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.