Euro-Pound sheds 0.19% within 0.8675 to 0.871 daily range

A quick look at yesterday: 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 0.8687.

Nonetheless, encouraging indicators for Euro-Pound published earlier when highly important Retail Sales data from United Kingdom beat analyst expectations of 0.4% with a reading of 0.5%.

Amid the market gloom, United Kingdom CFTC GBP speculative net positions released yesterday at 20:30 UTC with a figure of 11,600, while the previous figure was 12,600. Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 173,700, while the previous figure was 187,100.

Though Euro-Pound has been dropping, other pairs have been performing better: GBP/NZD is trading around 2.0417 after ending yesterday's session at 2.0311 (up 0.52% today). Notably, GBP/JPY rose 0.64% yesterday and closed at 172.53. USD/JPY added 0.41% and closed around 140.05 yesterday.

Trading mostly sideways for 3 months. Euro-Pound is now trading 11.06% away from its significant high of 0.9785 first tested 7 months ago.