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April 13, 2023After ending the previous trading day at 0.8803, EUR/GBP went up to 0.8839 only to drop back; still positive overall today, now trading at 0.8822.
Nevertheless, United Kingdom GDP published today at 06:00 UTC came out at 0%, falling short of the 0.1% projections and continuing its decline from the previous 0.4% figure.
At the same time, United Kingdom Monthly GDP 3M/3M Change (Feb) released today at 06:00 UTC with a figure of 0.1, while the previous figure was zero. Germany Consumer Price Index came out at 0.8%, while a consensus of analysts was expecting 0.8%.
Elsewhere, other currency pairs are also gaining ground as having closed the previous session at 0.6217, NZD/USD is up 1.3% today to currently trade at around 0.6297.
While Euro-Pound is up today, these currencies are lagging behind: GBP/NZD is down 182 pips from the beginning of the session and now trades around 1.9882. EUR/NZD is down to 1.7543, losing 140 pips, after closing at 1.7683 in the preceding trading session.
Furthermore, the market is looking at Spain HICP (YoY) (Mar) is expected tomorrow at 07:00 UTC. Spain Consumer Price Index is expected tomorrow at 07:00 UTC. France Consumer Price Index figure is projected at 0.8%. It previously stood at 1.1%; data will be released tomorrow at 06:45 UTC.
Trading mostly sideways for 2 months. After setting a supportive marker at 0.7134 around 9 months ago, Euro-Pound is now trading 23.4% higher.
