Weak sentiment sees Euro-Pound posting 0.19% loss

A quick look at yesterday: Euro-Pound dipped as low as 0.8675 before recovering some lost ground. However, the rebound failed to push the stock to where it started the session (0.8703) with EUR/GBP closing the day at 0.8687.

In contrast, positive data for Euro-Pound reported earlier when United Kingdom Retail Sales improved upon its previous reading of -1.2% with a new data release of 0.5%.

Meanwhile, United Kingdom CFTC GBP speculative net positions released yesterday at 20:30 UTC with a figure of 11,600, while the previous figure was 12,600. Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 173,700, while the previous figure was 187,100.

Positive performances can be seen by looking at other currencies as GBP/NZD jumps 0.52% yesterday and closed at 2.0311. GBP/JPY rallies 0.64% yesterday and closed at 172.53. USD/JPY added 0.41% and closed around 140.05 yesterday.

Trading mostly sideways for 3 months. As things stand, Euro-Pound is 11.06% away from a significant high of 0.9785, first set 7 months ago.