Yesterday at a glance: bearish sentiment ensured EUR/GBP finished yesterday's session lower. However, despite the downward bias, Euro-Pound etched out a distinct 0.882 to 0.8889 session range.
United Kingdom Manufacturing Production fell short of the -0.1% projections, with new data of -0.4%.
Nonetheless, encouraging indicators for Euro-Pound published earlier when highly important GDP data from United Kingdom beat analyst expectations of 0.1% with a reading of 0.3%.
Meanwhile, Germany Consumer Price Index released yesterday at 07:00 UTC with a figure of 8.7%, while the previous figure was 8.7%.
Euro-Pound's value drop coincided with the fact that after ending yesterday's session at 0.9325, USD/CHF lost 111 pips and is trading around 0.9213.
Though Euro-Pound has been dropping, other pairs have been performing better: GBP/USD is trading around 1.2033 after ending yesterday's session at 1.1923 (up 0.92% today). GBP/CAD added 0.89% and closed around 1.6486 yesterday.
Trading mostly sideways for a month. After setting a supportive marker at 0.7134 around 8 months ago, Euro-Pound is now trading 24.36% higher.