Euro-Pound set for weak finish today; down 0.19% to 0.8687 with a hour before close

EUR/GBP weakened earlier in the day, before moving away from its 0.8675 low and recovering back to 0.8687.

On the flip side, United Kingdom Retail Sales came out at 0.5%, better than analyst estimates of 0.4% and improving upon the previous reading of -1.2%. Highly important GDP data from Germany beat analyst expectations of -0.1 with a reading of -0.3.

Amid the market gloom, United Kingdom CFTC GBP speculative net positions released today at 20:30 UTC with a figure of 11,600, while the previous figure was 12,600.

Positive performances can be seen by looking at other currencies as GBP/JPY is up 0.66% to 173.67. GBP/NZD ascends 0.47% to trade around 2.0406. USD/JPY added 0.41% to its value, now trading at 140.62.

Trading mostly sideways for 3 months. Having set a peak of 0.9785 around 7 months ago, Euro-Pound is now trading 11.06% below this level.