Weak sentiment sees Euro-Pound posting 0.4% loss

After a mostly steady day, EUR/GBP loses 35 pips late into the session, trading at 0.8836.

Euro Zone ECB President Lagarde speech is next today at 15:00 UTC.

Highly important Manufacturing Production data from United Kingdom beat analyst expectations of -0.1% with a reading of -0.4%.

In contrast, positive data for Euro-Pound reported earlier when highly important GDP data from United Kingdom beat analyst expectations of 0.1% with a reading of 0.3%.

Amid the market gloom, Germany Consumer Price Index came out at 8.7%, while a consensus of analysts was expecting 8.7%.

In the meantime, negative performances are also seen in other pairs as USD/CHF drops 0.93% to trade around 0.9238.

Positive performances can be seen by looking at other currencies as GBP/USD is up 0.93%. GBP/JPY jumps 0.9% to trade around 163.78.

Furthermore, Euro Zone ECB President Lagarde speech scheduled to come out today at 15:00 UTC. United Kingdom CFTC GBP speculative net positions will be released today at 20:30 UTC. Euro Zone CFTC EUR speculative net positions is expected today at 20:30 UTC.

Trading mostly sideways for a month. After setting a supportive marker at 0.7134 around 8 months ago, Euro-Pound is now trading 24.36% higher.