Euro-Pound currency pair adds 9 pips or 0.1%

Published: January 26 2023, 07:26 GMT+0

Euro-Pound currency pair adds 9 pips or 0.1%

Currently trading at 0.881, EUR/GBP remains range-bound between 0.8793 and 0.8812.

Nevertheless, new Business Climate Index data from Germany matched market expectations with a reading of 90.2 — a positive step in contrast to previous data of 88.6 from last month.

At the same time, France Jobseekers Total released yesterday at 11:00 UTC is better than expected at 2.82 million but down from preceding data of 2.81 million according to new data. Data for Germany Business Expectations published yesterday at 09:00 UTC came out at 86.4, beating projections of 85 and showing improvement over the preceding figure of 83.2.

Elsewhere, other currency pairs are also gaining ground as USD/JPY is up 0.14% to 129.69. Having closed the previous session at 1.3379, USD/CAD is up 0.19% today to currently trade at around 1.3405. EUR/JPY gained 0.13% and is currently trading at 141.54.

Elsewhere, Euro Zone ECB President Lagarde speech is scheduled tomorrow at 10:30 UTC. Spain GDP is expected tomorrow at 08:00 UTC. United Kingdom Labour Productivity is scheduled for today at 09:30 UTC.

Trading mostly sideways for a month. Euro-Pound is now trading 10.06% away from its significant high of 0.9785 first tested 3 months ago.