Weak sentiment sees Euro-Pound posting 0.19% loss

EUR/GBP recovering almost all the way back to 0.8703 today, after dipping down to 0.8675.

Nonetheless, encouraging indicators for Euro-Pound published earlier when data for United Kingdom Retail Sales published today at 06:00 UTC came out at 0.5%, beating projections of 0.4% and showing improvement over the preceding figure of -1.2%. Germany GDP released earlier showed a marked improvement to -0.3 from the preceding data of -0.4, but fell short of the -0.1 figure forecast by a consensus of market analysts.

Amid the market gloom, United Kingdom CFTC GBP speculative net positions released today at 20:30 UTC with a figure of 11,600, while the previous figure was 12,600.

Though Euro-Pound has been dropping, other pairs have been performing better: having closed the previous session at 2.0311, GBP/NZD is up 0.52% today to currently trade at around 2.0417. GBP/JPY is up 0.66%. Having closed the previous session at 140.05, USD/JPY is up 0.41% today to currently trade at around 140.62.

Trading mostly sideways for 3 months. Having set a peak of 0.9785 around 7 months ago, Euro-Pound is now trading 11.06% below this level.