Stalemate for Euro-Pound bulls and bears .
Trading week at a glance - EUR/GBP is up to 0.86, after closing yesterday at zero. Overall, a 0% move or 8,600 pips this week. (Trade Euro-Pound with FXTM now).
Euro-Pound upside coincides with further encouraging market factors as data for United Kingdom Construction PMI published yesterday at 08:30 UTC came out at 51.6, beating projections of 51.1 and showing improvement over the preceding figure of 51.1.
At the same time, United Kingdom Composite PMI came out at 54, while a consensus of analysts was expecting 53.9. Euro Zone Consumer Price Index released Thursday with a figure of 6.1%, while the previous figure was 7%. Fresh Mortgage Rate (GBP) (May) data from United Kingdom came out at 7.44. Germany Industrial Production released earlier showed a marked improvement to 0.3% from the preceding data of -2.1%, but fell short of the 0.6% figure forecast by a consensus of market analysts.
Also worthy of note, United Kingdom Average Earnings Index +Bonus is expected Tuesday.
The market is looking forward to the release of new data: United Kingdom Claimant Count Change (May) scheduled to come out Tuesday. Germany Consumer Price Index is expected Tuesday.