Euro Drops to Session Lows vs Pound After Eurozone CPI Data

The euro weakened against the British pound on Friday, with EUR/GBP sliding to a session low of 0.8554 following the release of the eurozone’s preliminary inflation data. The move lower underscored immediate market sensitivity to the price gauge.

No further details from the report were provided in the initial post, but the pair’s reaction suggests the data was interpreted as dovish for the single currency. Selling pressure pushed the euro down against sterling through the session.