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April 13, 2023Slightly weaker but mostly flat: EUR/GBP is currently trading at 0.88 as it maintains an active range between 0.8777 and 0.8819.
- GDP data from United Kingdom will be released today at 06:00 UTC with analysts expecting a decline to 0.1%. Potentially significant price fluctuations in Euro-Pound are expected to follow.
- Euro-Pound hasn't traded above 0.8819 for 4 weeks.
Earlier data releases related to Euro-Pound – United Kingdom RICS House Price Balance (Mar) released yesterday at 23:01 UTC with a figure of -43, while the previous figure was -47.
Technical analysis of Euro-Pound before macro data is released:
Coming up for Euro-Pound — United Kingdom Manufacturing Production is projected to outperform its last figure with 0.2%. It previously stood at -0.4%; data will be released today at 06:00 UTC. Today at 06:00 UTC data for United Kingdom GDP will be released, with an expected decline to 0.1% from the preceding figure of 0.3%.
As the markets get ready for more data to be released — EUR/AUD is trading around 1.6374 (down 43 pips). GBP/NZD is up 0.18%. AUD/USD is up 0.28% to 0.6716.
Trading mostly sideways for 2 months. Euro-Pound is now trading 23.4% away from its significant low of 0.7134 first tested 9 months ago.
