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March 03, 2023
EUR/GBP is grinding lower from 0.8868 to 0.8846, shedding 22 pips (0.26%) today.
Euro-Pound is currently trading at 0.8846 following the release of Composite PMI data from the United Kingdom.
While price action maintains a negative bias, United Kingdom Composite PMI came out at 53.1, while a consensus of analysts was expecting 53. Euro Zone Consumer Price Index released yesterday at 10:00 UTC with a figure of 8.5%, while the previous figure was 8.6%. Euro Zone Composite PMI came out at 52.
In the meantime, negative performances are seen in other pairs, USD/JPY is down to 136.23, losing 49 pips, after closing at 136.72 in the preceding trading session.
Positive performances can be seen by looking at other currencies as having closed the previous session at 1.92, GBP/NZD is up 0.46% today to currently trade at around 1.9288. Having closed the previous session at 1.1943, GBP/USD is up 0.39% today to currently trade at around 1.199.
Furthermore, United Kingdom CFTC GBP speculative net positions scheduled to come out today at 20:30 UTC. Euro Zone CFTC EUR speculative net positions is scheduled for today at 20:30 UTC.
After setting a supportive marker at 0.7134 around 8 months ago, Euro-Pound is now trading 24.32% higher.
