Bearish sentiment sends Euro-Pound 0.25% lower

A quick look at yesterday: EUR/GBP slid down from 0.8615 to 0.8594, losing 21 pips (0.25%) today.

Data from United Kingdom concerning GDP was released yesterday at 06:00 UTC. Newly published figures emphasized continued decline from last month's figure of 0.6% to 0.2% this month.

Amid the market gloom, Euro Zone Consumer Price Index came out at 5.5%, while a consensus of analysts was expecting 5.6%. United Kingdom GDP came out at 0.1, marking no change from preceding figure.

Euro-Pound's value drop coincided with the fact that EUR/NZD is down to 1.7776, losing 123 pips, after ending the previous session around 1.79.

Positive performances can be seen by looking at other currencies as NZD/USD is trading around 0.6138 after ending yesterday's session at 0.6069 (up 1.14% today). GBP/USD added 0.69% and closed around 1.261 yesterday.

Trading mostly sideways for 4 months. Euro-Pound is now trading 11.96% away from its significant high of 0.9785 first tested 8 months ago.