Lethargic Euro-Pound fails to breach tight 0.8743 – 0.8783 range

A quick look at yesterday: EUR/GBP ended yesterday 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 after ending yesterday's session at 133.59, USD/JPY lost 178 pips and is trading around 131.8. USD/SGD is down to 1.3397, losing 59 pips, after ending the previous session around 1.3456. EUR/NZD falls 0.75% yesterday and closed at 1.7137.

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.