EUR/GBP testing higher waters near 0.8650 after UK CPI miss

The EUR/GBP caught a bump higher during Wednesday trading after the United Kingdom’s (UK) inflation reading came in below market expectations, sending

The week is still heavy on the economic calendar, with UK and EU PMI figures still in the barrel.caught a bump higher during Wednesday trading after the United Kingdom’s inflation reading came in below market expectations, sending the Pound Sterling lower and giving the Euro a leg up. figures broadly missed the mark, with August’s CPI reading coming in at just 0.3%, versus the forecast 0.7%.

On the economic calendar, The BoE will be followed up by Retail Sales and Purchasing Manager Index figures on Friday, where the EU will also see September’s preliminary PMIs.

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