EUR/GBP weakened earlier in the day, before moving away from its 0.8602 low and recovering back to 0.8612.
- United Kingdom Manufacturing PMI is next today at 09:30 UTC.
Earlier data releases related to Euro-Pound – Euro Zone Consumer Price Index came out at 10.7%, while a consensus of analysts was expecting 10.2%. United Kingdom Nationwide HPI (YoY) (Oct) released today at 07:00 UTC with a figure of 7.2, while the previous figure was 9.5.
Technical analysis of Euro-Pound before data is released:
Coming up for Euro-Pound — Germany Unemployment Change is projected to outperform its last figure with 13,000. It previously stood at 14,000; data will be released tomorrow at 07:55 UTC. United Kingdom Manufacturing PMI figure is projected at 45.8. It previously stood at 45.8; data will be released today at 09:30 UTC.
As the markets get ready for more data to be released — NZD/USD jumps 0.98% to trade around 0.5871. After ending yesterday's session at 1.0009, USD/CHF lost 58 pips and is trading around 0.995. After ending yesterday's session at 148.67, USD/JPY lost 96 pips and is trading around 147.7.
As things stand, Euro-Pound is 11.95% away from a significant high of 0.9785, first set 23 days ago.