After three days of declines, Euro-Pound is up 13 pips today

Euro-Pound trades at 0.8736 after gaining 13 pips (0.16%).

At the same time, Industrial Production in Germany fell short of market expectations (-1.3%) with a reading of -3.4%, continuing the decline from the previous figure of 2.1%.

A look at other currencies also shows bullish price action as NZD/USD gained 0.49% and is currently trading at 0.6328. Having closed the previous session at 148.56, EUR/JPY is up 0.31% today to currently trade at around 149.02.

While Euro-Pound is up today, these currencies are lagging behind: GBP/NZD is trading around 1.9988 (down 73 pips).

Furthermore, the market is looking at United Kingdom BRC Retail Sales Monitor (YoY) (Apr) will be released today at 23:01 UTC. United Kingdom Mortgage Rate (GBP) is scheduled for tomorrow at 10:00 UTC. United Kingdom House Price Index is expected tomorrow at 06:00 UTC.

Trading mostly sideways for 2 months. As things stand, Euro-Pound is 10.86% away from a significant high of 0.9785, first set 6 months ago.