Prop firm news

EUR/GBP at a 19-month low of 0.8336: the euro has lost 3.15% against the pound in five weeks

On Friday the euro broke below the March 2025 levels against the British pound: the EUR/GBP pair touched 0.8336, a 19-month low. Strong eurozone economic data failed to convince the market, while the pound is rising on expectations that the Bank of England will raise rates as early as next week.

Italy's inflation jumped to 5.4% versus the 4.6% forecast

Istat (Italy's national statistics agency) published its preliminary October inflation estimate on October 30 at 13:01 MSK: +5.4% year-on-year versus the expected +4.6% and +4.2% a month earlier. The miss versus consensus was almost a full percentage point - for a eurozone country, that is a lot.