Kicking off the session at 0.8613, Euro-Pound currency pair peaks at 0.8616

After closing the previous trading day at 0.86, EUR/GBP rose as high as 0.8616 today before paring back gains and trading at 0.8613.

Euro-Pound is currently trading at 0.8613 following the release of ECB President Lagarde speech data from the Euro Zone.

At the same time, United Kingdom Composite PMI came out at 54, while a consensus of analysts was expecting 53.9. Euro Zone Composite PMI released today at 08:00 UTC with a figure of 52.8, while the previous figure was 54.1. Fresh Services PMI data from Germany came out at 57.2.

At the same time, GBP/NZD closed at 2.0457 (down 0.45%). GBP/JPY stumbles 0.49% to trade around 173.46. USD/CHF is down 32 pips from the beginning of the session and now trades around 0.9054.

Also worthy of note, tomorrow at 08:30 UTC data for United Kingdom Construction PMI will be released, with an expected decline to 51 from the preceding figure of 51.1.

Furthermore, the market is looking at Euro Zone Retail Sales is projected to outperform its last figure with 0.2%. It previously stood at -1.2%; data will be released tomorrow at 09:00 UTC. Germany Factory Orders is projected to outperform its last figure with -2.2%. It previously stood at -10.7%; data will be released tomorrow at 06:00 UTC.

Trading mostly sideways for 3 months. As things stand, Euro-Pound is 12.1% away from a significant high of 0.9785, first set 7 months ago.