Euro-Pound set for weak finish today; down 0.12% to 0.8903 with 2 hours before close

Slightly weaker but mostly flat: EUR/GBP is currently trading at 0.8903 as it maintains an active range between 0.8896 and 0.8922.

While price action maintains a negative bias, GDP in Euro Zone fell short of market expectations (1.9%) with a reading of 1.8%, continuing the decline from the previous figure of 2.3%. GDP in Euro Zone fell short of market expectations (0.1) with a reading of zero, continuing the decline from the previous figure of 0.3. Germany Retail Sales released earlier showed a marked improvement to -0.3% from the preceding data of -5.3%, but fell short of the 2% figure forecast by a consensus of market analysts.

Though Euro-Pound has been dropping, other pairs have been performing better: having closed the previous session at 1.6262, GBP/CAD is up 0.49% today to currently trade at around 1.6341. USD/CAD is up 0.39% to 1.38. GBP/JPY is up 0.33%.

Furthermore, France Non-Farm Payrolls (QoQ) (Q4) is expected tomorrow at 06:30 UTC. United Kingdom RICS House Price Balance (Feb) is scheduled for tomorrow at 00:01 UTC.

Trading mostly sideways for a month. Having set a significant low of 0.7134 8 months ago, Euro-Pound is trading 24.94% higher.