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June 01, 2023EUR/GBP falls to 0.8584, following mixed behavior today as it ranges between 0.8566 and 0.865.
Euro-Pound is currently trading at 0.8584 following the release of ECB Publishes Account of Monetary Policy Meeting data from the Euro Zone.
Data for Germany Unemployment Change published yesterday at 07:55 UTC came out at 9,000, beating projections of 14,000 and showing improvement over the preceding figure of 23,000.
Meanwhile, Euro Zone Core Consumer Prices released today at 09:00 UTC with a figure of 5.3%, while the previous figure was 5.6%. New Unemployment Rate data from Euro Zone matched market expectations with a reading of 6.5 — a positive step in contrast to previous data of 6.6 from last month.
In the meantime, negative performances are also seen in other pairs as USD/CAD closed at 1.3442 (down 0.95%).
Positive performances can be seen by looking at other currencies as having closed the previous session at 1.2439, GBP/USD is up 0.79% today to currently trade at around 1.2537. AUD/USD gained 1.14% and is currently trading at 0.6579.
Furthermore, Spain Unemployment Change projected to decline to -40,100 while previous data was -73,900; data will be released tomorrow at 07:00 UTC. United Kingdom CFTC GBP speculative net positions is scheduled for tomorrow at 20:30 UTC. Euro Zone CFTC EUR speculative net positions scheduled to come out tomorrow at 20:30 UTC.
Trading mostly sideways for 3 months. Euro-Pound is now trading 12.24% away from its significant high of 0.9785 first tested 7 months ago.
