Yesterday's lacklustre market sentiment sees Euro-Pound drop 0.2%

Yesterday at a glance: 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 0.8686.

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%.

While price action maintains a negative bias, 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 notably, GBP/NZD rose 0.52% yesterday and closed at 2.0311. GBP/JPY went up by 0.64% yesterday, and closed at 173.63. USD/JPY is trading around 140.62 after ending yesterday's session at 140.05 (up 0.41% today).

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.