Bullish currency pair Euro-Pound runs out of steam at 0.8861; currently at 0.8854

Tentatively higher from an earlier low of 0.8804, EUR/GBP is up to 0.8854 today, adding 37 pips, or 0.42%, to yesterday's closing price of 0.8817.

Euro-Pound is currently trading at 0.8854 following the release of Composite PMI data from the United Kingdom.

Meanwhile, United Kingdom Manufacturing PMI released today at 08:30 UTC with a figure of 46.6, while the previous figure was 47.9. United Kingdom Services PMI came out at 54.9, while a consensus of analysts was expecting 53. United Kingdom Composite PMI came out at 53.9, while a consensus of analysts was expecting 52.6.

Other currencies are also rising as EUR/NZD surges 0.91% to trade around 1.7913. EUR/AUD gained 0.77% and is currently trading at 1.639. GBP/NZD gained 0.53% and is now trading at 2.0228.

Also worthy of note, Euro Zone CFTC EUR speculative net positions will be released today at 20:30 UTC. United Kingdom CFTC GBP speculative net positions is expected today at 20:30 UTC. Euro Zone ECB's De Guindos speech scheduled to come out today at 17:45 UTC.

Trading mostly sideways for 2 months. Having set a significant low of 0.7134 10 months ago, Euro-Pound is trading 23.6% higher.