Weak sentiment sees Euro-Pound posting 0.18% loss

EUR/GBP recovering almost all the way back to 0.8703 today, after dipping down to 0.8675.

On the flip side, United Kingdom Retail Sales came out at 0.5%, better than analyst estimates of 0.4% and improving upon the previous reading of -1.2%. Germany GDP released earlier showed a marked improvement to -0.3 from the preceding data of -0.4, but fell short of the -0.1 figure forecast by a consensus of market analysts.

While price action maintains a negative bias, France France Jobseekers Total released today at 10:00 UTC with a figure of 2.80 million, while the previous figure was 2.79 million.

Positive performances can be seen by looking at other currencies as GBP/NZD gained 0.59% and is now trading at 2.043. Having closed the previous session at 172.53, GBP/JPY is up 0.65% today to currently trade at around 173.66. USD/JPY is up 0.41%.

Furthermore, United Kingdom CFTC GBP speculative net positions is scheduled for today at 20:30 UTC. Euro Zone CFTC EUR speculative net positions will be released today at 20:30 UTC.

Trading mostly sideways for 3 months. Having set a peak of 0.9785 around 7 months ago, Euro-Pound is now trading 11.06% below this level.