Flatlined Euro-Pound stays passive around 0.8759

Published: March 19 2023, 16:46 GMT+0

Flatlined Euro-Pound stays passive around 0.8759

Friday at a glance: EUR/GBP ended Friday at 0.8759 following from closing Thursday at 0.8761. Overall, this represents a loss of 2 pips or 0.03%.

Euro-Pound's value drop coincided with the fact that USD/JPY lost 1.33% Friday and closed at 133.59. USD/SGD lost 0.44% Friday and closed at 1.3456. EUR/NZD lost 0.75% Friday and closed at 1.7137.

Furthermore, tomorrow at 07:00 UTC data for Germany Producer Price Index will be released, with an expected decline to -1.6% from the preceding figure of -1%. Euro Zone Trade Balance (Jan) will be released tomorrow at 10:00 UTC.

Trading mostly sideways for a month. Having set a peak of 0.9785 around 5 months ago, Euro-Pound is now trading 10.46% below this level.