Yesterday's lacklustre market sentiment sees Euro-Pound drop 0.41%

Yesterday at a glance: EUR/GBP slid into the red after losing 35 pips and ending the session at 0.8724.

On the flip side, United Kingdom Construction PMI came out at 51.1, better than analyst estimates of 51 and improving upon the previous reading of 50.7.

Meanwhile, United Kingdom CFTC GBP speculative net positions released yesterday at 20:30 UTC with a figure of 1,100, while the previous figure was 5,800. Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 173,500, while the previous figure was 169,400.

Euro-Pound's value drop coincided with the fact that after ending yesterday's session at 1.4907, EUR/CAD lost 169 pips and is trading around 1.4737. After ending yesterday's session at 1.354, USD/CAD lost 164 pips and is trading around 1.3375.

Though Euro-Pound has been dropping, other pairs have been performing better: GBP/JPY soars 0.94% yesterday and closed at 168.71.

Trading mostly sideways for 2 months. After setting a supportive marker at 0.7134 around 10 months ago, Euro-Pound is now trading 22.8% above this level.