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March 06, 2023After closing the previous trading day at 0.8832, EUR/GBP is up to 0.8837, which makes for a move of 0.05%/4 pips today.
United Kingdom Construction PMI data will be released today at 09:30 UTC, with an expected improvement to 49.1 (previous figure was 48.4).
Elsewhere, other currency pairs are also gaining ground as EUR/AUD gained 0.21% and is now trading at 1.5739.
While Euro-Pound is up today, these currencies are lagging behind: GBP/USD is down to 1.2032, losing 13 pips, after closing at 1.2046 in the preceding trading session.
Other currencies are showing mixed performance as USD/CHF moves 0.07% to trade around 0.9363.
Positive indicators for Euro-Pound are expected going forward as United Kingdom Construction PMI is projected to outperform its last figure with 49.1. It previously stood at 48.4; data will be released today at 09:30 UTC.
Elsewhere, Euro Zone Retail Sales is projected to outperform its last figure with 1%. It previously stood at -2.7%; data will be released today at 10:00 UTC. As things stand, upcoming Germany Factory Orders data is projected to fall short of market expectations with newly published data of -1%, following on from the preceding figure of 3.2%. New data is set to be published tomorrow at 08:00 UTC.
Trading mostly sideways for 28 days. Euro-Pound is now trading 23.81% away from its significant low of 0.7134 first tested 8 months ago.
