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April 29, 2023A quick look at yesterday: EUR/GBP slid into the red after losing 56 pips and ending the session at 0.8766.
On the flip side, positive data for Euro-Pound released earlier when Germany Unemployment Change fell short of the 10,000 projections, with new data of 24,000.
Amid the market gloom, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 169,400, while the previous figure was 164,400. United Kingdom CFTC GBP speculative net positions came out at 5,800.
Though Euro-Pound has been dropping, other pairs have been performing better: notably, GBP/JPY rose 2.39% yesterday and closed at 167.15. USD/JPY went up by 1.8% yesterday, and closed at 136.31. EUR/JPY added 1.73% and closed around 147.59 yesterday.
Trading mostly sideways for 2 months. Having set a significant low of 0.7134 10 months ago, Euro-Pound is trading 23.67% higher.
