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June 25, 2023Friday at a glance: Euro-Pound dipped as low as 0.8535 before recovering some lost ground. However, the rebound failed to push the stock to where it started the session (0.8597) with EUR/GBP closing the day at 0.8569.
Euro-Pound's value drop coincided with the fact that AUD/USD dips 1.22% Friday and closed at 0.676. EUR/USD is down to 1.0896, losing 62 pips, after ending the previous session around 1.0959.
Though Euro-Pound has been dropping, other pairs have been performing better: USD/SGD is trading around 1.3524 after ending Friday's session at 1.3445 (up 0.59% today).
Furthermore, Germany Current Assessment (Jun) will be released tomorrow at 08:00 UTC. As things stand, upcoming Germany Business Climate Index data is projected to fall short of market expectations with newly published data of 90.7, following on from the preceding figure of 91.7. New data is set to be published tomorrow at 08:00 UTC. Germany Business Expectations expected to decline to 88.3 while its preceding data was 88.6, data will be available tomorrow at 08:00 UTC.
Trading mostly sideways for 4 months. Having set a peak of 0.9785 around 8 months ago, Euro-Pound is now trading 12.15% below this level.
