The EUR/GBP currency pair has resumed its uptrend, reaching new three-week highs above the 0.8730 mark. Earlier in the day, the Euro experienced a pullback against the British Pound following the release of robust UK CPI figures. This data highlighted inflationary pressures in the UK, prompting traders to reassess their positions.
However, the Euro found strong support near the psychological barrier of 0.8700, leading to renewed buying interest. As a result, the exchange rate climbed back above 0.8730, signaling bullish momentum in the market. Traders will be closely monitoring upcoming economic indicators that could further influence the EUR/GBP dynamics in the weeks ahead.
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Data Source: FX Killer Analysis Team Updated: 2026-01-21 11:46
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.