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May 24, 2023EUR/GBP slides down from 0.8674 to 0.867 today, losing 4 pips (0.05%).
- United Kingdom Consumer Price Index is next today at 06:00 UTC.
Earlier data releases related to Euro-Pound – United Kingdom Manufacturing PMI released yesterday at 08:30 UTC with a figure of 46.9, while the previous figure was 47.8. United Kingdom Composite PMI came out at 53.9, while a consensus of analysts was expecting 54.6.
Here is the technical analysis of Euro-Pound before macro data is released:
Coming up for Euro-Pound — Germany GDP is projected to outperform its last figure with -0.1. It previously stood at -0.4; data will be released tomorrow at 06:00 UTC. United Kingdom Consumer Price Index is expected today at 06:00 UTC.
As the markets get ready for more data to be released — having closed the previous session at 1.9859, GBP/NZD is up 1.58% today to currently trade at around 2.0173. EUR/NZD is up 1.47%. NZD/USD is down to 0.6165, losing 85 pips, after closing at 0.6251 in the preceding trading session.
Trading mostly sideways for 3 months. As things stand, Euro-Pound is 11.35% away from a significant high of 0.9785, first set 7 months ago.
