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June 23, 2023EUR/GBP recovering almost all the way back to 0.8596 today, after dipping down to 0.8524.
Euro-Pound is currently trading at 0.8563 following the release of Manufacturing PMI data from the United Kingdom.
While price action maintains a negative bias, United Kingdom Manufacturing PMI released today at 08:30 UTC with a figure of 46.2, while the previous figure was 47.1. United Kingdom BoE Interest Rate Decision (Jun) came out at five, while a consensus of analysts was expecting 4.75. United Kingdom Services PMI came out at 53.7, while a consensus of analysts was expecting 54.8.
In the meantime, negative performances are seen in other pairs, after ending yesterday's session at 0.676, AUD/USD lost 83 pips and is trading around 0.6677. EUR/USD dips 0.68% to trade around 1.0884.
Positive performances can be seen by looking at other currencies as having closed the previous session at 1.3445, USD/SGD is up 0.62% today to currently trade at around 1.3528.
Furthermore, Euro Zone CFTC EUR speculative net positions scheduled to come out today at 20:30 UTC. United Kingdom CFTC GBP speculative net positions is scheduled for today at 20:30 UTC. Euro Zone ECB's Schnabel speech will be released tomorrow at 13:15 UTC.
Trading mostly sideways for 4 months. Having set a peak of 0.9785 around 8 months ago, Euro-Pound is now trading 12.15% below this level.
