Forex Market: EUR/GBP daily trading forecast

Yesterday’s trade saw EUR/GBP within the range of 0.7626-0.7746. The pair closed at 0.7659, losing 1.00% on a daily basis.
At 7:21 GMT today EUR/GBP was unchanged for the day to trade at 0.7659. The pair touched a daily high at 0.7673 at 7:00 GMT.

Fundamentals

Euro zone

Euro area consumer inflation – final estimate

The final annualized consumer inflation in the Euro zone, evaluated in accordance with Eurostat’s harmonized methodology, probably confirmed the preliminary rate at -0.2% in December, which was reported on January 7th. If confirmed, this would be the first drop in the Harmonized Index of Consumer Prices since October 2009 and the most considerable one since September 2009, when inflation was reported at -0.3%. In November the final HICP reading pointed to annual inflation rate of 0.3%, which matched the preliminary estimate.
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