Mixed sentiment sees Euro-Pound currency pair ending the session broadly flat; establishes tight 0.8793 to 0.8802 range

Published: January 26 2023, 02:25 GMT+0

Mixed sentiment sees Euro-Pound currency pair ending the session broadly flat; establishes tight 0.8793 to 0.8802 range

EUR/GBP posts light gains on a low-volatility day, ranging between 0.8793 – 0.8802 and is now at 0.88.

On the flip side, highly important Business Climate Index data from Germany beat analyst expectations of 90.2 with a reading of 90.2.

At the same time, data for France Jobseekers Total released yesterday at 11:00 UTC is better than expected with 2.82 million, but worse than previous figure of 2.81 million. Data for Germany Business Expectations published yesterday at 09:00 UTC came out at 86.4, beating projections of 85 and showing improvement over the preceding figure of 83.2.

Elsewhere, other currency pairs are also gaining ground as having closed the previous session at 1.3379, USD/CAD is up 0.14% today to currently trade at around 1.3398. GBP/CAD increases 0.15% to trade around 1.6615.

Other currencies are showing mixed performance as EUR/JPY moves 0.08% to trade around 141.24.

Also worthy of note, Euro Zone ECB President Lagarde speech is scheduled for tomorrow at 10:30 UTC. Spain GDP is expected tomorrow at 08:00 UTC. United Kingdom Labour Productivity is expected today at 09:30 UTC.

Trading mostly sideways for a month. Having set a peak of 0.9785 around 3 months ago, Euro-Pound is now trading 10.06% below this level.

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