Weak sentiment sees Euro-Pound posting 0.27% loss

EUR/GBP remains constrained within a 0.8521 to 0.8591 range and is currently trading around the 0.8534 level.

While price action maintains a negative bias, Euro Zone Consumer Price Index came out at 6.1%, while a consensus of analysts was expecting 6.1%. Euro Zone Deposit Facility Rate (Jun) released yesterday at 12:15 UTC with a figure of 3.5, while the previous figure was 3.25. Euro Zone Interest Rate released yesterday at 12:15 UTC with a figure of four, while the previous figure was 3.75.

Positive performances can be seen by looking at other currencies as having closed the previous session at 179.29, GBP/JPY is up 1.47% today to currently trade at around 181.94. USD/JPY added 1.15% to its value, now trading at 141.88. EUR/JPY is up 1.14%.

Trading mostly sideways for 4 months. Euro-Pound is now trading 12.55% away from its significant high of 0.9785 first tested 8 months ago.