EUR/GBP Update – 12/09/2017 (11:10am) – by Arjun Lakhanpal

September 12, 2017 by

EUR/GBP Update – 12/09/2017 (11:10am): EURGBP broke down of its Asian/early European session consolidation phase and tumbled to one month lows, closer to the key 0.90 psychological mark. The cross came under intense selling pressure and eroded around 50-pips following the release of latest UK inflation report that showed headline CPI matched a 4-year high reading of 2.9%, earlier recorded in May.