Euro-Pound hits 0.854, its lowest rate in 3 months

EUR/GBP dropped 40 pips to 0.854, reaching its lowest point in 3 months.

Amid the market gloom, United Kingdom CFTC GBP speculative net positions released yesterday at 20:30 UTC with a figure of 12,500, while the previous figure was 13,200. Fresh CFTC EUR speculative net positions data from Euro Zone came out at 158,400.

Euro-Pound's value drop coincided with the fact that EUR/NZD is down to 1.7536, losing 153 pips, after ending the previous session around 1.769. EUR/AUD is down to 1.5941, losing 114 pips, after ending the previous session around 1.6056.

Positive performances can be seen by looking at other currencies as USD/CHF is trading around 0.9033 after ending yesterday's session at 0.8989 (up 0.49% today).

Trading mostly sideways for 4 months. As things stand, Euro-Pound is 12.25% away from a significant high of 0.9785, first set 8 months ago.