| 
May 20, 2023A quick look at yesterday: EUR/GBP closed at 0.8683 yesterday after ranging between 0.8667 and 0.8702.
At the same time, United Kingdom CFTC GBP speculative net positions released yesterday at 20:30 UTC with a figure of 12,600, while the previous figure was 4,500. Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 187,100, while the previous figure was 179,400. Germany Producer Price Index came out at 0.3%, better than analyst estimates of -0.5% and improving upon the previous reading of -1.4%.
A look at other currencies also shows bullish price action as NZD/USD went up by 0.95% yesterday, and closed at 0.6288.
While Euro-Pound is up today, these currencies are lagging behind: USD/CHF is down to 0.899, losing 61 pips, after ending the previous session around 0.9052. GBP/NZD lost 0.59% yesterday and closed at 1.9912.
Trading mostly sideways for 3 months. As things stand, Euro-Pound is 11.28% away from a significant high of 0.9785, first set 7 months ago.
