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April 07, 2023Slightly weaker but mostly flat: EUR/GBP is currently trading at 0.8772 as it maintains an active range between 0.8771 and 0.8779.
Following a previous reading of 54.6, Construction PMI in United Kingdom released yesterday at 08:30 UTC fell short of the 53.5 figure expected by analysts with an actual reading of 50.7.
Amid the market gloom, United Kingdom House Price Index came out at 0.8%, while a consensus of analysts was expecting -0.3%. Data for Germany Industrial Production released yesterday at 06:00 UTC is better than expected with 2%, but worse than previous figure of 3.7%.
In the meantime, negative performances are seen in other pairs, EUR/NZD closed at 1.7438 (down 0.25%). After ending yesterday's session at 1.9917, GBP/NZD lost 38 pips and is trading around 1.9879.
Positive performances can be seen by looking at other currencies as NZD/USD is up 0.24%.
Furthermore, United Kingdom CFTC GBP speculative net positions scheduled to come out today at 20:30 UTC. Euro Zone CFTC EUR speculative net positions is scheduled for today at 20:30 UTC.
Trading mostly sideways for 2 months. Euro-Pound is now trading 10.33% away from its significant high of 0.9785 first tested 5 months ago.
