Trading lower, EUR/GBP is currently down 2 pips as it ranges between 0.8524 and 0.8636 so far today.
Euro-Pound is currently trading at 0.86 following the release of BoE Interest Rate Decision (Jun) data from the United Kingdom.
While price action maintains a negative bias, United Kingdom BoE Interest Rate Decision (Jun) released today at 11:00 UTC with a figure of five, while the previous figure was 4.5. United Kingdom Consumer Price Index came out at 8.7%, while a consensus of analysts was expecting 8.4%. Fresh BoE MPC vote hike (Jun) data from United Kingdom came out at seven.
Though Euro-Pound has been dropping, other pairs have been performing better: having closed the previous session at 141.81, USD/JPY is up 0.89% today to currently trade at around 143.07. USD/SGD added 0.37% to its value, now trading at 1.3448. EUR/JPY jumps 0.63% to trade around 156.74.
Furthermore, United Kingdom Manufacturing PMI figure is projected at 46.8. It previously stood at 47.1; data will be released tomorrow at 08:30 UTC. Spain GDP is projected to outperform its last figure with 0.5. It previously stood at 0.2; data will be released tomorrow at 07:00 UTC. United Kingdom Retail Sales projected to come out at -0.2% — worse than previous data of 0.5%; data will be released tomorrow at 06:00 UTC.
Trading mostly sideways for 4 months. As things stand, Euro-Pound is 12.09% away from a significant high of 0.9785, first set 8 months ago.