Stalemate for Euro-Pound bulls and bears .
As the trading week gets on its way, EUR/GBP is up to 0.8589, after closing yesterday at zero. Overall, a 0% move or 8,589 pips this week. (Trade Euro-Pound with FXTM now).
Euro-Pound upside coincides with further encouraging market factors as Germany Unemployment Change published Wednesday came out at 17,000, falling short of the 13,000 projections and continuing its decline from the previous 9,000 figure.
At the same time, Euro Zone Consumer Price Index released Wednesday with a figure of 10%, while the previous figure was 10.6%. Data for Euro Zone Unemployment Rate published yesterday at 10:00 UTC came out at 6.5, beating projections of 6.6 and showing improvement over the preceding figure of 6.6. Fresh 15-Year Obligacion Auction data from Spain came out at 3.13. Spain Manufacturing PMI came out at 45.7, while a consensus of analysts was expecting 45.6.
Furthermore, the market is looking at as things stand, upcoming United Kingdom Construction PMI data is projected to fall short of market expectations with newly published data of 50.5, following on from the preceding figure of 53.2. New data is set to be published Tuesday.
Furthermore, the market is looking at United Kingdom Composite PMI is expected Monday. Euro Zone Retail Sales projected to come out at -1.7% — worse than previous data of 0.4%; data will be released Monday.