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April 19, 2023
After closing the previous trading day at 0.8828, EUR/GBP is up to 0.883, which makes for a move of 0.02%/2 pips today.
United Kingdom Consumer Price Index is next today at 06:00 UTC.
This move comes while some more positive signs for Euro-Pound are out as United Kingdom Average Earnings Index +Bonus beats expectations of 5.1 with new data release of 5.9, marks no change over previous data of 5.9.
Meanwhile, Germany ZEW Economic Sentiment Index released yesterday at 09:00 UTC with a figure of 4.1, while the previous figure was 13. United Kingdom Claimant Count Change (Mar) came out at 28,200, while a consensus of analysts was expecting 10,200.
Other currencies are showing mixed performance as AUD/USD moves 0.11% to trade around 0.6736.
The market is looking forward to the release of new data: Euro Zone Consumer Price Index is expected today at 09:00 UTC. Euro Zone ECB Publishes Account of Monetary Policy Meeting is scheduled for tomorrow at 11:30 UTC. United Kingdom PPI Input (MoM) (Mar) scheduled to come out today at 06:00 UTC.
Trading mostly sideways for 2 months. Euro-Pound is now trading 23.75% away from its significant low of 0.7134 first tested 10 months ago.
