Euro-Pound improves slightly to 0.8882, after ending the last session at zero (down 0%) .
Trading week at a glance - EUR/GBP is up to 0.8882, after closing yesterday at zero. Overall, a 0% move or 8,881 pips this week. (Trade Euro-Pound with FXTM now).
Euro-Pound upside coincides with further encouraging market factors as following a previous reading of 88.6, Business Climate Index in Germany released Monday fell short of the 87 figure expected by analysts with an actual reading of 84.3.
Meanwhile, Germany Consumer Price Index came out at 10%, while a consensus of analysts was expecting 9.4%. United Kingdom Manufacturing PMI released Friday with a figure of 48.5, while the previous figure was 47.3. United Kingdom Services PMI came out at 49.2. United Kingdom Composite PMI came out at 48.4, while a consensus of analysts was expecting 49.
Furthermore, the market is looking at United Kingdom GDP projected to decline to -0.1 while previous data was 0.8; data will be released tomorrow at 06:00 UTC. Tomorrow at 06:00 UTC data for United Kingdom GDP will be released, with an expected decline to 2.9% from the preceding figure of 8.7%.
Also worthy of note, Euro Zone Consumer Price Index is expected tomorrow at 09:00 UTC.