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April 25, 2023Euro-Pound trades at 0.8846 after gaining 2 pips (0.03%).
This move comes while some more positive signs for Euro-Pound are out as highly important Business Climate Index data from Germany beat analyst expectations of 94 with a reading of 93.6.
Meanwhile, United Kingdom CBI Industrial Trends Orders (Apr) came out at -20, while a consensus of analysts was expecting -20. Germany Current Assessment (Apr) released yesterday at 08:00 UTC with a figure of 95, while the previous figure was 95.4.
While Euro-Pound is up today, these currencies are lagging behind: after ending yesterday's session at 0.6697, AUD/USD lost 72 pips and is trading around 0.6624. EUR/JPY is down to 146.77, losing 140 pips, after closing at 148.17 in the preceding trading session. After ending yesterday's session at 167.49, GBP/JPY lost 157 pips and is trading around 165.91.
Furthermore, the market is looking at United Kingdom Labour Productivity (Q4) scheduled to come out tomorrow at 08:30 UTC. Germany GfK Consumer Climate (May) is scheduled for tomorrow at 06:00 UTC. Projections for France Jobseekers Total are set for a continuation of decline with 2.79 million while previous data was 2.78 million; data will be released tomorrow at 10:00 UTC.
Trading mostly sideways for 2 months. Euro-Pound is now trading 23.96% away from its significant low of 0.7134 first tested 10 months ago.
