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

Published: January 26 2023, 00:35 GMT+0

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

EUR/GBP is down to 0.8796, after ending yesterday at 0.88. Overall, a 0.06% loss or 3 pips today.

Highly important Business Climate Index data from Germany beat analyst expectations of 90.2 with a reading of 90.2.

Meanwhile, France Jobseekers Total released yesterday at 11:00 UTC is better than expected at 2.82 million but down from preceding data of 2.81 million according to new data. Germany Business Expectations beat analyst expectations of 85 and the previous reading of 83.2 with new data of 86.4.

In the meantime, negative performances are seen in other pairs, after ending yesterday's session at 129.51, USD/JPY lost 30 pips and is trading around 129.21. EUR/JPY is trading around 141.1 (down 25 pips).

Positive performances can be seen by looking at other currencies as GBP/CAD goes up 0.2% to trade around 1.6624.

Furthermore, Euro Zone ECB President Lagarde speech is scheduled tomorrow at 10:30 UTC. Spain GDP figure is projected at 0.1. It previously stood at 0.1; data will be released tomorrow at 08:00 UTC. United Kingdom Labour Productivity will be released 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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