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March 08, 2023
Currently trading at 0.8914, EUR/GBP remains range-bound between 0.8856 and 0.8925.
Euro Zone ECB President Lagarde speech is next today at 10:00 UTC.
Meanwhile, United Kingdom Mortgage Rate (GBP) (Feb) released yesterday at 10:30 UTC with a figure of 7.02, while the previous figure was 6.66. Germany Factory Orders released yesterday at 07:00 UTC is better than expected at 1% but down from preceding data of 3.4% according to new data. United Kingdom House Price Index came out at 1.1%, while a consensus of analysts was expecting -0.3%.
Elsewhere, other currency pairs are also gaining ground as USD/JPY is up 0.17% to 137.32. Having closed the previous session at 162.17, GBP/JPY is up 0.2% today to currently trade at around 162.5. EUR/JPY improves 0.15% to trade around 144.85.
Furthermore, the market is looking at Euro Zone ECB President Lagarde speech is scheduled for today at 10:00 UTC. Germany Retail Sales is projected to outperform its last figure with 2.4%. It previously stood at -5.3%; data will be released today at 07:00 UTC. Germany Industrial Production is projected to outperform its last figure with 1.4%. It previously stood at -3.1%; data will be released today at 07:00 UTC.
Trading mostly sideways for a month. After setting a supportive marker at 0.7134 around 8 months ago, Euro-Pound is now trading 24.94% higher.
