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May 11, 2023EUR/GBP goes up to 0.873 after dipping down to 0.866 earlier.
Euro-Pound is currently trading at 0.873 following the release of BoE Gov Bailey speech data from the United Kingdom.
Meanwhile, United Kingdom BoE Interest Rate Decision (May) released today at 11:00 UTC with a figure of 4.5, while the previous figure was 4.25. Germany Consumer Price Index came out at 0.4%, while a consensus of analysts was expecting 0.4%. United Kingdom BoE MPC vote hike (Apr) released today at 11:00 UTC with a figure of seven, while the previous figure was seven.
Elsewhere, other currency pairs are also gaining ground as USD/SGD added 0.53% to its value, now trading at 1.3318.
While Euro-Pound is up today, these currencies are lagging behind: AUD/USD is trading around 0.6693 (down 88 pips). GBP/USD closed at 1.2506 (down 0.95%).
Furthermore, the market is looking at as things stand, upcoming United Kingdom GDP data is projected to fall short of market expectations with newly published data of 0.2%, following on from the preceding figure of 0.6%. New data is set to be published tomorrow at 06:00 UTC.
Also worthy of note, United Kingdom GDP figure is projected at 0.1. It previously stood at 0.1; data will be released tomorrow at 06:00 UTC. United Kingdom Monthly GDP 3M/3M Change (Mar) is scheduled for tomorrow at 06:00 UTC.
Trading mostly sideways for 3 months. Having set a peak of 0.9785 around 7 months ago, Euro-Pound is now trading 11.11% below this level.
