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April 11, 2023Marginally higher but lacking a clear-cut direction, EUR/GBP is trading at 0.8769 after ranging between 0.8762 and 0.8791 today.
Meanwhile, United Kingdom Mortgage Rate (GBP) (Mar) released today at 09:30 UTC with a figure of 7.22, while the previous figure was 7.02. Fresh Retail Sales data released in Euro Zone matched analyst forecasts with a reading of -0.8% — a backwards step from its previous reading of 0.8%. United Kingdom BRC Retail Sales Monitor (YoY) (Mar) came out at 4.9, while a consensus of analysts was expecting 4.2.
A look at other currencies also shows bullish price action as GBP/NZD leaps up 0.66% to trade around 2.0025. EUR/NZD gained 0.65% and is now trading at 1.7563.
At the same time, USD/CHF closed at 0.9047 (down 0.49%).
Furthermore, the market is looking at United Kingdom BoE Gov Bailey speech is expected tomorrow at 13:00 UTC. United Kingdom RICS House Price Balance (Mar) will be released tomorrow at 23:01 UTC. Euro Zone ECB's De Guindos speech set for tomorrow at 12:30 UTC.
Trading mostly sideways for 2 months. Euro-Pound is now trading 10.39% away from its significant high of 0.9785 first tested 6 months ago.
