EUR/GBP pushing towards 0.8700 after Tuesday powerlift ahead of Wednesday's UK & EU CPI double feature

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The EUR/GBP climbed around 0.4% on Tuesday in one of the pair's single-best trading days since early September, rising from the opening bids near 0.86

The EUR/GBP bounded into 0.8680 after EU data beats climbed over UK earnings miss. EU sentiment came in above expectations, while UK wages failed to meet the market median forecast. EUR/GBPtraders will be looking ahead to Wednesday's jointCPI inflation reading for both the EU and the UK. 48 to close out around 0.8682, and setting a high for the day at 0.8690. With only inches to go from the 0.

The European Central Bank President Christine Lagarde is also expected to make an appearance, and investors will be keeping an eye out for any statements about the ECB's forecasts on possible interest rate moves. EUR/GBP Technical Outlook Despite Tuesday's bumper green bar for the day, the EUR/GBP remains trapped within familiar price action, with September's swing high into the 0.

 

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