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April 24, 2023Tentatively higher from an earlier low of 0.8824, EUR/GBP is up to 0.885 today, adding 17 pips, or 0.2%, to Friday's closing price of 0.8832.
Euro-Pound upside coincides with further encouraging market factors as highly important Business Climate Index data from Germany beat analyst expectations of 94 with a reading of 93.6.
At the same time, Germany Current Assessment (Apr) released today at 08:00 UTC with a figure of 95, while the previous figure was 95.4. Data for Germany Business Expectations published today at 08:00 UTC came out at 92.2, beating projections of 91.5 and showing improvement over the preceding figure of 91.
Other currencies are also rising as EUR/JPY is up 0.54%. EUR/USD is up 0.53%.
At the same time, USD/CHF closed at 0.8877 (down 0.48%).
The market is looking forward to the release of new data: United Kingdom CBI Industrial Trends Orders (Apr) is scheduled for tomorrow at 10:00 UTC. Euro Zone ECB's Enria speech is scheduled tomorrow at 08:00 UTC. United Kingdom BoE MPC Member Broadbent speech set for tomorrow at 09:00 UTC.
Trading mostly sideways for 2 months. Having set a significant low of 0.7134 10 months ago, Euro-Pound is trading 23.81% higher.
