Is it the end of Euro-Pound's rally? After five days of gains, it is down by 0.27% today

Published: January 25 2023, 19:36 GMT+0

Is it the end of Euro-Pound's rally? After five days of gains, it is down by 0.27% today

Slightly weaker but mostly flat: EUR/GBP is currently trading at 0.8802 as it maintains an active range between 0.88 and 0.8852.

Having set a peak of 0.9785 around 3 months ago, Euro-Pound is now trading 9.8% below this level.

In the meantime, negative performances are seen in other pairs, after ending yesterday's session at 1.3194, USD/SGD lost 59 pips and is trading around 1.3134.

Though Euro-Pound has been dropping, other pairs have been performing better: GBP/NZD is up 0.8% to 1.9124. GBP/CAD gained 0.69% and is currently trading at 1.6594.

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