Bearish sentiment sends Euro-Pound 0.2% lower

Published: May 27 2023, 08:26 GMT+0

Bearish sentiment sends Euro-Pound 0.2% lower

Yesterday at a glance: Euro-Pound dipped as low as 0.8675 before recovering some lost ground. However, the rebound failed to push the stock to where it started the session (0.8703) with EUR/GBP closing the day at 0.8686.

Euro-Pound is now trading 11.06% away from its significant high of 0.9785 first tested 7 months ago.

Though Euro-Pound has been dropping, other pairs have been performing better: GBP/NZD went up by 0.52% yesterday, and closed at 2.0417. GBP/JPY soars 0.64% yesterday and closed at 172.53. USD/JPY went up by 0.41% yesterday, and closed at 140.62.