The single currency enjoyed a positive day overall, apart from against sterling where it saw a modest decline over the course of the day, despite a positive afternoon session.

The annual German inflation rate was seen to be fractionally higher than last month but better than expectations, at 8.7%, with a 1% rise in prices in January.

There isn’t a great deal to excite the markets today or early next week, so any movements in GBP/EUR are likely to come from the sterling side.

EUR/USD past year

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