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April 29, 2023A quick look at yesterday: EUR/GBP slid into the red after losing 55 pips and ending the session at 0.8766.
On the flip side, following a previous reading of 16,000, Unemployment Change in Germany released yesterday at 07:55 UTC fell short of the 10,000 figure expected by analysts with an actual reading of 24,000.
Amid the market gloom, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 169,400, while the previous figure was 164,400. United Kingdom CFTC GBP speculative net positions released yesterday at 20:30 UTC with a figure of 5,800, while the previous figure was 1,300.
Though Euro-Pound has been dropping, other pairs have been performing better: GBP/JPY went up by 2.46% yesterday, and closed at 171.26. USD/JPY added 1.8% and closed around 133.89 yesterday. Notably, EUR/JPY rose 1.69% yesterday and closed at 147.59.
Furthermore, as things stand, upcoming Euro Zone GDP data is projected to fall short of market expectations with newly published data of -0.1, following on from the preceding figure of 0.3. New data is set to be published today at 09:00 UTC. Euro Zone GDP figure is projected at 1.8%. It previously stood at 1.8%; data will be released today at 09:00 UTC.
Trading mostly sideways for 2 months. Having set a significant low of 0.7134 10 months ago, Euro-Pound is trading 23.67% higher.
