Euro-Pound gains positive traction for a 4th successive day

Tentatively higher from an earlier low of 0.8816, EUR/GBP is up to 0.8858 today, adding 40 pips, or 0.46%, to yesterday's closing price of 0.8818.

Nevertheless, following a previous reading of 0.4%, GDP in United Kingdom released yesterday at 06:00 UTC fell short of the 0.1% figure expected by analysts with an actual reading of 0%.

Meanwhile, United Kingdom Monthly GDP 3M/3M Change (Feb) released yesterday 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 USD/SGD gained 0.65% and is currently trading at 1.3308. EUR/NZD is up 1.05%.

Meanwhile, AUD/USD closed at 0.6706 (down 1.19%).

Furthermore, the market is looking at Euro Zone CFTC EUR speculative net positions will be released today at 20:30 UTC. United Kingdom CFTC GBP speculative net positions scheduled to come out today at 20:30 UTC.

Trading mostly sideways for 2 months. As things stand, Euro-Pound is 23.6% away from a significant low of 0.7134 first set 9 months ago.