Trader reveals why EUR/GBP hit 0.8530 while USD dropped 10%
Key Points
- EUR/GBP climbs near 0.8530 as traders anticipate U.S.-Eurozo...
The EUR/GBP pair just climbed near 0.8530, and surprisingly, it's not because someone accidentally fat-fingered a massive buy order. Instead, we're witnessing what happens when traders collectively decide that maybe, just maybe, the U.S. and Eurozone might actually sit down and work out their trade differences like adults.
When Numbers Actually Matter
Last week's inflation spotlight landed squarely on U.S. Consumer Price Index data, with expectations pointing to a 2.5% year-over-year rise for May, up from 2.3%. While that might sound like pocket change, it's the kind of pocket change tha...
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