The Euro (EUR) has picked up from session lows against the British Pound (GBP) on Wednesday as hot German inflation figures have partially offset a mild risk-off sentiment, amid flaring tensions in the Middle East. The EUR/GBP pair ticked up to levels above 0.8540, but keeps the immediate bearish momentum intact, on retreat from last week's highs above 0.8580. Previously, the US Army had opened fire against a Panama-flagged cargo ship attempting to break the blockade of Iranian ports. Generally, a high reading is bullish for the Euro (EUR), while a low reading is bearish. Next release: Mon Aug 31, 2026 12:00 (Prel) Frequency: Monthly Consensus: - Previous: 0.9% Source: Federal Statistics Office of Germany