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April 03, 2023Trading lower, EUR/GBP is currently down 8 pips as it ranges between 0.877 and 0.8828 so far today.
Euro-Pound is currently trading at 0.878 following the release of Manufacturing PMI data from the United Kingdom.
While price action maintains a negative bias, Spain Manufacturing PMI came out at 51.3, while a consensus of analysts was expecting 50.1.
In the meantime, negative performances are also seen in other pairs as EUR/AUD is down to 1.6045, losing 164 pips, after closing at 1.621 in the preceding trading session. USD/CAD closed at 1.3423 (down 0.65%).
Though Euro-Pound has been dropping, other pairs have been performing better: AUD/USD gained 1.4% and is currently trading at 0.6782.
Furthermore, Germany Trade Balance (Feb) is expected tomorrow at 06:00 UTC. United Kingdom MPC Member Tenreyro speech scheduled to come out tomorrow at 09:15 UTC. Spain Unemployment Change is expected tomorrow at 07:00 UTC.
Trading mostly sideways for a month. Euro-Pound is now trading 23.2% away from its significant low of 0.7134 first tested 9 months ago.
