After closing the previous trading day at 0.8842, EUR/GBP went up to 0.8862 only to drop back; still positive overall today, now trading at 0.8852.
Meanwhile, new Jobseekers Total data from France matched market expectations with a reading of 2.79 million — a positive step in contrast to previous data of 2.8 million from last month. United Kingdom Labour Productivity (Q4) released today at 08:30 UTC with a figure of 0.4, while the previous figure was -0.2. Germany GfK Consumer Climate (May) came out at -25.7, while a consensus of analysts was expecting -27.9.
A look at other currencies also shows bullish price action as EUR/AUD is up 1.12% to 1.674. Having closed the previous session at 2.0213, GBP/NZD is up 0.73% today to currently trade at around 2.0362. EUR/NZD is up 0.88%.
Furthermore, the market is looking at United Kingdom Labour Productivity (Q4) will be released today at 16:00 UTC. Italy 10-Year BTP Auction is expected tomorrow at 09:10 UTC. Euro Zone ECB's De Guindos speech is scheduled for today at 12:00 UTC.
Trading mostly sideways for 2 months. Euro-Pound is now trading 23.95% away from its significant low of 0.7134 first tested 10 months ago.