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May 07, 2023Friday at a glance: EUR/GBP slid into the red after losing 35 pips and ending the session at 0.8724.
Euro-Pound's value drop coincided with the fact that after ending Friday's session at 1.4907, EUR/CAD lost 169 pips and is trading around 1.4737. After ending Friday's session at 1.354, USD/CAD lost 169 pips and is trading around 1.337.
Positive performances can be seen by looking at other currencies as GBP/JPY jumps 0.94% Friday and closed at 168.71.
Furthermore, projections for Germany Industrial Production are set for a continuation of decline with -1.3% while previous data was 2%; data will be released tomorrow at 06:00 UTC. United Kingdom BRC Retail Sales Monitor (YoY) (Apr) is scheduled for tomorrow at 23:01 UTC. Germany Buba Vice President Buch speech scheduled to come out tomorrow at 07:10 UTC.
Trading mostly sideways for 2 months. Euro-Pound is now trading 22.8% away from its significant low of 0.7134 first tested 10 months ago.
