EUR/GBP Rises to 0.8650 After Softer-Than-Expected UK Inflation Data
UK May CPI rose 2.8% YoY, below forecasts, pressuring GBP ahead of Thursday’s BoE rate decision. The EUR/GBP pair climbed to 0.8650 in early European trading on Wednesday, driven by weaker-than-expected UK inflation data for May. Headline CPI increased 2.8% YoY, matching A