A quick look at yesterday: bullish sentiment helped EUR/GBP to push 16 pips higher, reaching session highs around 0.8861, before consolidating until close. Ultimately, Euro-Pound closed yesterday at 0.8833.
At the same time, United Kingdom Manufacturing PMI came out at 46.6, while a consensus of analysts was expecting 48.5. United Kingdom Services PMI released yesterday at 08:30 UTC with a figure of 54.9, while the previous figure was 52.9. United Kingdom Composite PMI came out at 53.9.
Elsewhere, other currency pairs are also gaining ground as notably, GBP/NZD rose 0.73% yesterday and closed at 2.0122. EUR/NZD added 0.85% and closed around 1.7752 yesterday. EUR/AUD went up by 0.94% yesterday, and closed at 1.6419.
Trading mostly sideways for 2 months. After setting a supportive marker at 0.7134 around 10 months ago, Euro-Pound is now trading 23.6% higher.