Euro-Pound set for weak finish today; down 0.38% to 0.8808 with a hour before close

Late into the session, EUR/GBP loses 33 pips (0.38%), currently trading at 0.8808.

Average Earnings Index +Bonus data from United Kingdom will be released tomorrow at 07:00 UTC with analysts expecting a decline to 5.7. Potentially significant price fluctuations in Euro-Pound are expected to follow.

In the meantime, negative performances are also seen in other pairs as USD/CHF closed at 0.9111 (down 1.07%). After ending Friday's session at 134.96, USD/JPY lost 179 pips and is trading around 133.17.

Though Euro-Pound has been dropping, other pairs have been performing better: GBP/USD soars 1.21% to trade around 1.218.

Looking ahead, ongoing depreciation may be prolonged as United Kingdom Average Earnings Index +Bonus expected to decline to 5.7 while its preceding data was 5.9, data will be available tomorrow at 07:00 UTC.

Furthermore, United Kingdom Claimant Count Change (Feb) scheduled to come out tomorrow at 07:00 UTC. United Kingdom Employment Change 3M/3M (MoM) (Jan) is expected tomorrow at 07:00 UTC.

Trading mostly sideways for a month. Having set a significant low of 0.7134 8 months ago, Euro-Pound is trading 23.94% higher.