Bullish currency pair Euro-Pound runs out of steam at 0.87; currently at 0.8695

Euro-Pound trades at 0.8695 after gaining 16 pips (0.19%).

Euro-Pound is currently trading at 0.8695 following the release of ECB President Lagarde speech data from the Euro Zone.

Meanwhile, Euro Zone Consumer Price Index came out at 7%, while a consensus of analysts was expecting 7%. Germany 10-Year Bund Auction released yesterday at 09:30 UTC with a figure of 2.31, while the previous figure was 2.51. Fresh Consumer Price Index data from Euro Zone came out at 0.6%.

Other currencies are also rising as USD/SGD added 0.26% to its value, now trading at 1.3451.

Meanwhile, after ending yesterday's session at 1.2489, GBP/USD lost 48 pips and is trading around 1.244. GBP/NZD is trading around 1.9925 (down 67 pips).

The market is looking forward to the release of new data: Euro Zone ECB President Lagarde speech scheduled to come out tomorrow at 19:00 UTC. United Kingdom BoE MPC Treasury Committee Hearings is expected today at 09:15 UTC. Germany Producer Price Index is projected to outperform its last figure with -0.5%. It previously stood at -1.4%; data will be released tomorrow at 06:00 UTC.

Trading mostly sideways for 3 months. Euro-Pound is now trading 11.3% away from its significant high of 0.9785 first tested 7 months ago.