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.

In contrast, positive data for Euro-Pound reported earlier when highly important Retail Sales data from United Kingdom beat analyst expectations of 0.4% with a reading of 0.5%. Highly important GDP data from Germany beat analyst expectations of -0.1 with a reading of -0.3.

Meanwhile, 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 172.53, GBP/JPY is up 0.66% today to currently trade at around 173.67. Having closed the previous session at 2.0311, GBP/NZD is up 0.47% today to currently trade at around 2.0406. USD/JPY improves 0.41% to trade 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.