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April 26, 2023After ending the previous trading day at 0.8842, EUR/GBP went up to 0.8864 only to drop back; still positive overall today, now trading at 0.8861.
Meanwhile, new Jobseekers Total data from France matched market expectations with a reading of 2.79 million — a positive step in contrast to previous data of 2.8 million from last month. United Kingdom Labour Productivity (Q4) came out at 0.4, while a consensus of analysts was expecting 0.3. Germany GfK Consumer Climate (May) released today at 06:00 UTC with a figure of -25.7, while the previous figure was -29.3.
Other currencies are also rising as EUR/AUD surges 1.11% to trade around 1.6737. EUR/NZD soars 0.94% to trade around 1.8036. GBP/NZD is up 0.69%.
The market is looking forward to the release of new data: United Kingdom Labour Productivity (Q4) scheduled to come out today at 16:00 UTC. Italy 10-Year BTP Auction will be released tomorrow at 09:10 UTC. Euro Zone ECB Supervisory Board Member Tuominen speech is expected today at 13:45 UTC.
Trading mostly sideways for 2 months. After setting a supportive marker at 0.7134 around 10 months ago, Euro-Pound is now trading 23.95% higher.
