| 
May 04, 2023EUR/GBP recovering almost all the way back to 0.8803 today, after dipping down to 0.8745.
Euro-Pound is currently trading at 0.8761 following the release of ECB President Lagarde speech data from the Euro Zone.
Amid the market gloom, Euro Zone Interest Rate released today at 12:15 UTC with a figure of 3.75, while the previous figure was 3.5. Euro Zone Deposit Facility Rate (May) came out at 3.25, while a consensus of analysts was expecting 3.25. Fresh ECB Marginal Lending Facility data from Euro Zone came out at four.
In the meantime, negative performances are also seen in other pairs as EUR/NZD plunges 1.27% to trade around 1.7536. EUR/CAD closed at 1.4911 (down 0.94%). GBP/NZD dips 0.75% to trade around 2.0018.
Moreover, United Kingdom Construction PMI is projected to outperform its last figure with 51, having previously been at 50.7. The figure will be published tomorrow at 08:30 UTC.
Furthermore, tomorrow at 06:00 UTC data for Germany Factory Orders will be released, with an expected decline to -2.2% from the preceding figure of 4.8%. Euro Zone Retail Sales is projected to outperform its last figure with -0.1%. It previously stood at -0.8%; data will be released tomorrow at 09:00 UTC.
Trading mostly sideways for 2 months. As things stand, Euro-Pound is 23.41% away from a significant low of 0.7134 first set 10 months ago.
