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March 09, 2023EUR/GBP is grinding lower from 0.89 to 0.887, shedding 30 pips (0.35%) today.
Amid the market gloom, France Non-Farm Payrolls (QoQ) (Q4) released today at 06:30 UTC with a figure of 0.2, while the previous figure was 0.4. United Kingdom RICS House Price Balance (Feb) came out at -48, while a consensus of analysts was expecting -49. Following a previous reading of 2.3%, GDP in Euro Zone released yesterday at 10:00 UTC fell short of the 1.9% figure expected by analysts with an actual reading of 1.8%.
In the meantime, negative performances are seen in other pairs, USD/JPY drops 0.77% to trade around 136.22.
Positive performances can be seen by looking at other currencies as having closed the previous session at 1.184, GBP/USD is up 0.71% today to currently trade at around 1.1924. GBP/CAD is up 0.7%.
Some optimism can drawn from the fact that United Kingdom GDP is projected to outperform its last figure with 0.1%. It previously stood at -0.5%; data will be released tomorrow at 07:00 UTC.
Furthermore, United Kingdom Monthly GDP 3M/3M Change (Jan) will be released tomorrow at 07:00 UTC. Germany Consumer Price Index figure is projected at 8.7%. It previously stood at 8.7%; data will be released tomorrow at 07:00 UTC.
Trading mostly sideways for a month. Having established significant support at 0.7134 approximately 8 months ago, Euro-Pound's share price has bounced 24.78% higher.
