Flatlined Euro-Pound stays passive around 0.8681

A quick look at yesterday: having ended a bullish session yesterday at 0.8681, momentum helped EUR/GBP finish the day 1 pips or 0% higher, although mixed sentiments ensured Euro-Pound etched out a distinct 0.8667 to 0.8695 session range.

Euro-Pound is currently trading at 0.8681 following the release of ECB President Lagarde speech data from the Euro Zone.

At the same time, United Kingdom CFTC GBP speculative net positions released yesterday at 20:30 UTC with a figure of 12,600, while the previous figure was 4,500. Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 187,100, while the previous figure was 179,400. Data for Germany Producer Price Index published yesterday at 06:00 UTC came out at 0.3%, beating projections of -0.5% and showing improvement over the preceding figure of -1.4%.

Elsewhere, other currency pairs are also gaining ground as NZD/USD rallies 0.97% yesterday and closed at 0.6229.

Meanwhile, after ending yesterday's session at 0.9052, USD/CHF lost 61 pips and is trading around 0.899. USD/JPY is down to 137.88, losing 78 pips, after ending the previous session around 138.66.

Trading mostly sideways for 3 months. Euro-Pound is now trading 11.28% away from its significant high of 0.9785 first tested 7 months ago.