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June 27, 2023Tentatively higher from an earlier low of 0.8567, EUR/GBP is up to 0.8596 today, adding 18 pips, or 0.21%, to yesterday's closing price of 0.8578.
Meanwhile, Germany Business Expectations published yesterday at 08:00 UTC came out at 83.6, falling short of the 88 projections and continuing its decline from the previous 88.3 figure. Following a previous reading of 91.5, Business Climate Index in Germany released yesterday at 08:00 UTC fell short of the 90.7 figure expected by analysts with an actual reading of 88.5. Germany Current Assessment (Jun) released yesterday at 08:00 UTC with a figure of 93.7, while the previous figure was 94.8.
Elsewhere, other currency pairs are also gaining ground as EUR/JPY gained 0.92% and is currently trading at 157.87. EUR/CAD is up 0.78%. Having closed the previous session at 182.29, GBP/JPY is up 0.75% today to currently trade at around 183.65.
Furthermore, the market is looking at Italy Consumer Price Index is expected tomorrow at 09:00 UTC. Germany GfK Consumer Climate (Jul) will be released tomorrow at 06:00 UTC. Euro Zone ECB President Lagarde speech scheduled to come out tomorrow at 15:00 UTC.
Trading mostly sideways for 4 months. Having set a peak of 0.9785 around 8 months ago, Euro-Pound is now trading 12.34% below this level.
