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May 14, 2023A quick look at Friday: Euro-Pound dipped as low as 0.8692 before recovering some lost ground. However, the rebound failed to push the stock to where it started the session (0.8724) with EUR/GBP closing the day at 0.8716.
Euro-Pound's value drop coincided with the fact that NZD/USD lost 1.72% Friday and closed at 0.63.
Positive performances can be seen by looking at other currencies as GBP/NZD shoots up 1.29% Friday and closed at 1.9853. EUR/NZD is trading around 1.752 after ending Friday's session at 1.7322 (up 1.14% today).
Furthermore, Euro Zone Industrial Production projected to decline to -2.5% while previous data was 1.5%; data will be released tomorrow at 09:00 UTC. Euro Zone Eurogroup Meetings will be released tomorrow at 10:00 UTC. Euro Zone EU Economic Forecasts scheduled to come out tomorrow at 09:00 UTC.
Trading mostly sideways for 3 months. As things stand, Euro-Pound is 10.85% away from a significant high of 0.9785, first set 7 months ago.
