After ending yesterday at 0.8685, Euro-Pound increases slightly to 0.8685 (down 8,684 pips) .
A good end to the trading week, EUR/GBP is up to 0.8685, after closing yesterday at zero. Overall, a 0% move or 8,684 pips this week. (Trade Euro-Pound with FXTM now).
Uptick comes while some more positive signs for Euro-Pound are out as highly important Retail Sales data from United Kingdom beat analyst expectations of 0.3% with a reading of 0.6%. United Kingdom Average Earnings Index +Bonus released Tuesday is better than expected at six but down from preceding data of 6.1 according to new data.
Meanwhile, United Kingdom Claimant Count Change (Oct) released Tuesday with a figure of 3,300, while the previous figure was 3,900. United Kingdom Core Retail Sales released earlier showed a marked improvement to 0.3% from the preceding data of -1.5%, but fell short of the 0.6% figure forecast by a consensus of market analysts. Data for United Kingdom Retail Sales published today at 07:00 UTC came out at -6.1%, beating projections of -6.5% and showing improvement over the preceding figure of -6.8%.
Also worthy of note, Germany Business Climate Index is projected to outperform its last figure with 85. It previously stood at 84.3; data will be released Thursday.
Furthermore, the market is looking at Germany GDP figure is projected at 0.3. It previously stood at 0.3; data will be released Friday. United Kingdom Services PMI is expected Wednesday.