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May 05, 2023EUR/GBP drops from 0.876 to 0.8722, losing 38 pips (0.44%) today.
On the flip side, data for United Kingdom Construction PMI published today at 08:30 UTC came out at 51.1, beating projections of 51 and showing improvement over the preceding figure of 50.7.
While price action maintains a negative bias, Euro Zone Interest Rate released yesterday 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.
In the meantime, negative performances are also seen in other pairs as EUR/CAD is down to 1.4746, losing 161 pips, after closing at 1.4907 in the preceding trading session. USD/CAD falls 1.21% to trade around 1.3376.
Positive performances can be seen by looking at other currencies as GBP/JPY is up 0.96%.
Furthermore, United Kingdom CFTC GBP speculative net positions will be released today at 20:30 UTC. Euro Zone CFTC EUR speculative net positions scheduled to come out today at 20:30 UTC.
Trading mostly sideways for 2 months. Euro-Pound is now trading 22.8% away from its significant low of 0.7134 first tested 10 months ago.
