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February 25, 2023
A quick look at yesterday: hesitant but grinding higher: EUR/GBP closed at 0.8832 after ranging between 0.8829 and 0.8831.
Uptick comes while some more positive signs for Euro-Pound are out as GDP in Germany fell short of market expectations (-0.2) with a reading of -0.4, continuing the decline from the previous figure of 0.5.
At the same time, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 150,500, while the previous figure was 134,300. Fresh CFTC GBP speculative net positions data from United Kingdom came out at -18,300.
Elsewhere, other currency pairs are also gaining ground as USD/JPY added 1.37% and closed around 134.65 yesterday. USD/SGD is trading around 1.3505 after ending yesterday's session at 1.3421 (up 0.63% today).
While Euro-Pound is up today, these currencies are lagging behind: AUD/USD lost 1.23% yesterday and closed at 0.681.
Euro-Pound is now trading 9.91% away from its significant high of 0.9785 first tested 4 months ago.
