EUR/GBP falls to 0.8603, following mixed behavior today as it ranges between 0.86 and 0.8624.
Nonetheless, encouraging indicators for Euro-Pound published earlier when highly important Construction PMI data from United Kingdom beat analyst expectations of 51 with a reading of 51.6.
Amid the market gloom, United Kingdom Composite PMI came out at 54, while a consensus of analysts was expecting 53.9. Euro Zone Retail Sales released earlier showed a marked improvement to 0% from the preceding data of -0.4%, but fell short of the 0.2% figure forecast by a consensus of market analysts.
In the meantime, negative performances are also seen in other pairs as EUR/AUD is down to 1.6024, losing 161 pips, after closing at 1.6185 in the preceding trading session. EUR/CAD slips 0.41% to trade around 1.4335.
Though Euro-Pound has been dropping, other pairs have been performing better: having closed the previous session at 0.6621, AUD/USD is up 0.78% today to currently trade at around 0.6673.
Furthermore, United Kingdom House Price Index is expected tomorrow at 06:00 UTC. United Kingdom House Price Index figure is projected at 0%. It previously stood at -0.3%; data will be released tomorrow at 06:00 UTC. Germany Industrial Production is projected to outperform its last figure with -1.3%. It previously stood at -3.4%; data will be released tomorrow at 06:00 UTC.
Trading mostly sideways for 4 months. As things stand, Euro-Pound is 11.97% away from a significant high of 0.9785, first set 7 months ago.