Bullish currency pair Euro-Pound runs out of steam at 0.8873; currently at 0.8866

Euro-Pound trades at 0.8866 after gaining 12 pips (0.14%).

Meanwhile, new Jobseekers Total data from France matched market expectations with a reading of 2.79 million — a positive step in contrast to previous data of 2.8 million from last month. United Kingdom Labour Productivity (Q4) released yesterday at 08:30 UTC with a figure of 0.4, while the previous figure was -0.2. Germany GfK Consumer Climate (May) came out at -25.7, while a consensus of analysts was expecting -27.9.

A look at other currencies also shows bullish price action as NZD/USD is up 0.48%.

Meanwhile, GBP/NZD is down 95 pips from the beginning of the session and now trades around 2.0272. EUR/NZD is down to 1.7973, losing 67 pips, after closing at 1.8041 in the preceding trading session.

Positive indicators for Euro-Pound are expected going forward as Germany GDP projected to come out at 0.3 — worse than previous data of 0.9; data will be released tomorrow at 06:00 UTC.

Furthermore, the market is looking at Germany Unemployment Change is projected to outperform its last figure with 10,000. It previously stood at 16,000; data will be released tomorrow at 07:55 UTC.

Elsewhere, Germany GDP is projected to outperform its last figure with 0.8%, having previously been at 0.3%. The figure will be published tomorrow at 08:00 UTC.

Trading mostly sideways for 2 months. Euro-Pound is now trading 24.11% away from its significant low of 0.7134 first tested 10 months ago.