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April 10, 2023After closing at 0.878 Friday, EUR/GBP began today at 0.8774 with significant bullish sentiment driving EUR/GBP's price action higher. So far today, price action has drawn out a distinct 0.8767 to 0.8791 range.
Other currencies are also rising as USD/JPY is up 0.91%. Having closed the previous session at 0.9051, USD/CHF is up 0.54% today to currently trade at around 0.91.
Meanwhile, NZD/USD is trading around 0.6198 (down 61 pips).
Elsewhere, Euro Zone Retail Sales projected to come out at -0.8% — worse than previous data of 0.3%; data will be released tomorrow at 09:00 UTC. United Kingdom BRC Retail Sales Monitor (YoY) (Mar) scheduled to come out today at 23:01 UTC. United Kingdom Mortgage Rate (GBP) is expected tomorrow at 10:00 UTC.
Trading mostly sideways for 2 months. As things stand, Euro-Pound is 23.07% away from a significant low of 0.7134 first set 9 months ago.
