Slightly weaker but mostly flat: EUR/GBP is currently trading at 0.858 as it maintains an active range between 0.8576 and 0.859.
Meanwhile, new Euro Zone GDP data fell short of the zero projected by analysts with a reading of -0.1 while failing to improve upon the previous reading from last month (-0.1). GDP in Euro Zone fell short of market expectations (1.2%) with a reading of 1%, continuing the decline from the previous figure of 1.8%. France Non-Farm Payrolls (QoQ) (Q1) released yesterday at 05:30 UTC with a figure of 0.3, while the previous figure was 0.2.
Positive performances can be seen by looking at other currencies as USD/JPY goes up 0.38% to trade around 139.43. EUR/JPY gained 0.36% and is currently trading at 150.29. GBP/JPY is up 0.41%.
Furthermore, United Kingdom CFTC GBP speculative net positions is expected today at 20:30 UTC. Euro Zone ECB's De Guindos speech will be released today at 08:00 UTC. Euro Zone ECB's Enria speech scheduled to come out today at 08:30 UTC.
Trading mostly sideways for 4 months. Euro-Pound is now trading 12.25% away from its significant high of 0.9785 first tested 7 months ago.