The euro traded at 0.8367 pounds in a Wednesday morning snapshot as Brent crude stayed above $90 a barrel, while German inflation and Britain’s next growth report shaped the regional backdrop.
FXStreet timestamped its EUR/GBP quote at 08:15 GMT on Nov. 11. Investing.com’s daily data also listed 0.8367 and a Wednesday high of 0.8370. The rate measures how many pounds one euro buys; these figures are snapshots, not a full-day closing price.
Germany’s October Harmonised Index of Consumer Prices (HICP) rose 2.8% from a year earlier and fell 0.1% from September, the Federal Statistical Office (Destatis) said. The final reading matched its preliminary estimate. September’s annual increase was 3.3%, while prices rose 0.6% from the previous month. Energy product prices were 12.2% higher than a year earlier in October. Destatis President Ruth Brand said inflation was “just under three percent again.”
An Associated Press market update reported Brent at $91.71 a barrel, up 0.2%, after a Tuesday price of $91.49. FXStreet said crude’s rebound was weighing on the euro and cited trader concerns about limited progress toward a Middle East peace deal. Qatar’s Ministry of Foreign Affairs said Nov. 10 that mediation between Washington and Tehran was making progress in negotiations. The accounts describe diplomatic momentum differently, but do not establish what specifically drove crude’s advance.
FXStreet also said traders were watching Britain’s third-quarter growth release. The Office for National Statistics (ONS) lists its first estimate of gross domestic product for July through September on Thursday, Nov. 12, at 7 a.m. GMT.
