EUR/GBP Maintains Position Ahead of German CPI Data Release
The EUR/GBP cross remains stable around 0.8330 during the early European trading session on Thursday. With minimal data expected from the UK, there is a cautious investor sentiment. Expect limited fluctuations as the market braces for the upcoming German CPI inflation data release. The cautious approach from traders, combined with reduced expectations of the Bank of England cutting interest rates in December, lends some support to the Pound Sterling (GBP) while limiting significant changes in the cross. Market participants should monitor these developments closely.
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