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fxJun 17, 2026, 6:22 AM

Euro Strengthens Against Pound After UK CPI Data

EUR/GBP rose to around 0.8650 as the British Pound weakened following the release of UK inflation data. Traders now focus on the upcoming Bank of England rate decision.

EURGBP

The euro gained ground against the British pound during early European trading on Wednesday, with the EUR/GBP pair trading near 0.8650.

The move came after the release of UK Consumer Price Index (CPI) data, which weighed on the pound. Market participants are now turning their attention to the Bank of England’s next monetary policy decision for further direction.

Source: FXStreet Forex News