By Rob Howard — Feb 09 - 03:35 AM
EUR/GBP falls to 0.8861 after softer than expected German inflation data
German CPI up 8.7% YY vs 8.9% f/c. 0.8861 is lowest level since Feb 1
0.8875 was Wednesday's low (0.8978 was 18-week high on Feb 3) nL1N34O14G
Bids may emerge near 0.8850 (GBP/EUR 1.13) if EUR/GBP extends south
0.8850 is also 50% retracement of 0.8723 (Jan 19 low) to 0.8978
Four BoE MPC members, including Bailey, to address UK TSC from 0945 GMT
Source:
Refinitiv IFR Research/Market Commentary