EUR/GBP Price Forecast: Reaching oversold levels at six-week lows sub-0.8550

The Euro (EUR) is dropping sharply against the British Pound (GBP) on Wednesday, as UK data has endorsed recent claims by Bank of England (BoE) officials to hike interest rates, while German data disappointed on Wednesday.
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Germany Harmonized Index of Consumer Prices (YoY) registered at 3.3% above expectations (3.1%) in September

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