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EUR/GBP spikes higher after UK inflation slumps
The other reaction in the Pound to the latest falls in UK CPI and RPI inflation just now released has seen the EUR/GBP spike higher. The EUR/GBP was trading towards 0.8325 leading into this data. It has risen sharply towards 0.8360 on the news that UK inflation has fallen much more than anticipated on both CPI and RPI. The EUR/GBP is currently trading at 0.8358. Naturally, the FTSE 100 futures have lifted on this news too and that has been helped buy the fall in the Pound versus the USD and the Euro
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