Euro/Pound is trading around 0.9099 after starting the day at 0.9064 (up 0.39%)
Hesitant but green: from an earlier low of 0.9056, EUR/GBP up to 0.9099 gaining 35 pips compared to the 0.9064 start of the day (0.39%).
Euro/Pound green move comes while some more encouraging signs are out as Euro Zone Consumer Price Index beats expectations of 0.3% with new data release of 0.3%.
Despite this, other data released earlier might suggest a different path as United Kingdom Claimant Count Change (Jun) fall short of the 250.0K projections, with -28.1K and continued its downward trajectory from previous figure of 566.4K. Data for United Kingdom Money Supply was released Thursday 6:00 AM is better than expected with -0.3%, but worse than previous figure of 1.0%.
Meanwhile, Euro Zone Deposit Facility Rate (Jul) comes out at -0.50%, while the projection was -0.50%.
A look at other markets shows behavior that usually indicate a green move for Euro/Pound as Pound/Yen went down to 134.448 (21, pips).
Euro/Pound hovers around 0.9064
A mostly flat day so far for EUR/GBP, ranging between 0.9067 and 0.9063 and is now at 0.9064.
This limbo state for Euro/Pound is reflected by market data published as United Kingdom Claimant Count Change (Jun) fall short of the 250.0K projections, with -28.1K and continued its downward trajectory from previous figure of 566.4K. While down from preceding data of 1.0%, United Kingdom Money Supply is better than expected at -0.3% according to new data released today at 6:00 AM. Euro Zone Deposit Facility Rate (Jul) comes out at -0.50%, while the projection was -0.50%. Euro Zone Interest Rate comes out at 0.00%, while the projection was 0.00%.
After starting the day at 0.9078, Euro/Pound nudges to 0.9062 (down 16 pips)
EUR/GBP slides down from 0.9078 to 0.9062, taking a 16 pips loss (-0.18%).
Nonetheless, encouraging indicators for Euro/Pound published earlier when United Kingdom Gross Domestic Product released earlier shows an improvement to 1.8% from the preceding data of -20.4%, but falls short of the projected 5.5%. United Kingdom Consumer Price Index beats expectations of 0.4% with new data release of 0.6%. This is also a step forward from the previous data of 0.5%. New data for United Kingdom Trade Balance was released Tuesday 6:00 AM comes out at -2.81B, beating projections of -8.10B and showing improvement over the preceding figure of -4.80B.
Positive performance can be seen looking at other symbols as Pound/Dollar drops to 1.259 (37, pips). Pound/Yen went down to 134.618 (31, pips).
Euro/Pound crawls to 0.9051 (a 0.22% gain) after starting the day at 0.9031
All green EUR/GBP gains 20 pips (0.22%), jumping to 0.9051.
This move comes while some more positive signs for Euro/Pound are out as United Kingdom Gross Domestic Product released earlier shows an improvement to 1.8% from the preceding data of -20.4%, but falls short of the projected 5.5%. New data for United Kingdom Trade Balance was released today at 6:00 AM comes out at -2.81B, beating projections of -8.10B and showing improvement over the preceding figure of -4.80B.
Despite this, other data released earlier might suggest a different path as Germany ZEW Economic Sentiment fall short of the 60.0 projections, with 59.3 and continued its downward trajectory from previous figure of 63.4.
A look at other markets shows behavior that usually indicate a green move for Euro/Pound as Sterling drops to 1.2551 (75, pips). Pound/Yen drops to 134.594 (33, pips).
Euro/Pound made its largest daily jump (84 pips) since May, 18
EUR/GBP rallies 84 pips and maintains at 0.9034 level.
This move comes while some more positive signs for Euro/Pound are out as Germany Wholesale Price Index released today at 6:00 AM with a figure of -3.3%, this is better from previous number of -4.3%. France French 12-Month BTF Auction released today at 1:00 PM with a figure of -0.557%, this is better from previous number of -0.559%.
Despite this, other data released earlier might suggest a different path as Down from preceding data of -0.30B, Finland Current Account is released with a new figure of -0.60B.
A look at other markets shows behavior that usually indicate a green move for Euro/Pound as Sterling drops to 1.2557 (66, pips). Pound/Yen went down to 134.711 (26, pips).
