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March 11, 2023A quick look at yesterday: down on the day: EUR/GBP closed at 0.8842 after ranging between 0.882 and 0.8889.
Data from United Kingdom concerning Manufacturing Production was released yesterday at 07:00 UTC. Newly published figures emphasized continued decline from last month's figure of 0% to -0.4% this month.
On the flip side, United Kingdom GDP beat analyst expectations of 0.1% and the previous reading of -0.5% with new data of 0.3%.
Meanwhile, Germany Consumer Price Index came out at 8.7%, while a consensus of analysts was expecting 8.7%.
Euro-Pound's value drop coincided with the fact that USD/CHF falls 1.2% yesterday and closed at 0.9325.
Though Euro-Pound has been dropping, other pairs have been performing better: GBP/USD added 0.92% and closed around 1.1923 yesterday. GBP/CAD soars 0.89% yesterday and closed at 1.6486.
Trading mostly sideways for a month. After setting a supportive marker at 0.7134 around 8 months ago, Euro-Pound is now trading 24.36% higher.
