Stagnant Euro-Pound peaks at 0.8783 amid sluggish price action

A quick look at Friday: EUR/GBP moves 0.03% to close at 0.8759 Friday.

Euro-Pound's value drop coincided with the fact that USD/JPY is down to 131.8, losing 178 pips, after ending the previous session around 133.59. USD/SGD drops 0.44% Friday and closed at 1.3456. After ending Friday's session at 1.7137, EUR/NZD lost 127 pips and is trading around 1.7009.

Furthermore, projections for Germany Producer Price Index are set for a continuation of decline with -1.6% while previous data was -1%; data will be released tomorrow at 07:00 UTC. Euro Zone Trade Balance (Jan) is expected tomorrow at 10:00 UTC.

Trading mostly sideways for a month. Euro-Pound is now trading 10.46% away from its significant high of 0.9785 first tested 5 months ago.