Weak sentiment sees Euro-Pound posting 1% loss

EUR/GBP is down to 0.8739, after ending yesterday at 0.8828. Overall, a 1% loss or 88 pips today.

Euro-Pound is currently trading at 0.8739 following the release of Spring Forecast Statement data from the United Kingdom.

In the meantime, negative performances are seen in other pairs, after ending yesterday's session at 144.02, EUR/JPY lost 376 pips and is trading around 140.26. EUR/USD is down to 1.0547, losing 187 pips, after closing at 1.0734 in the preceding trading session. GBP/JPY dips 1.61% to trade around 160.49.

Furthermore, Euro Zone Deposit Facility Rate (Mar) scheduled to come out tomorrow at 13:15 UTC. Euro Zone Interest Rate figure is projected at 3.5. It previously stood at three; data will be released tomorrow at 13:15 UTC. Euro Zone ECB Marginal Lending Facility will be released tomorrow at 13:15 UTC.

Trading mostly sideways for a month. As things stand, Euro-Pound is 23.75% away from a significant low of 0.7134 first set 8 months ago.