EUR/GBP slides down from 0.8857 to 0.8834 today, losing 22 pips (0.26%).
Average Earnings Index +Bonus data from United Kingdom will be released tomorrow at 07:00 UTC with analysts expecting a decline to 6.2. Potentially significant price fluctuations in Euro-Pound are expected to follow.
In the meantime, negative performances are also seen in other pairs as after ending Friday's session at 1.4439, EUR/CAD lost 139 pips and is trading around 1.43. USD/CAD dips 0.85% to trade around 1.3334.
Positive performances can be seen by looking at other currencies as having closed the previous session at 159.28, GBP/JPY is up 0.91% today to currently trade at around 160.74.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as tomorrow at 07:00 UTC data for United Kingdom Average Earnings Index +Bonus will be released, with an expected decline to 6.2 from the preceding figure of 6.4.
Furthermore, United Kingdom Claimant Count Change (Jan) scheduled to come out tomorrow at 07:00 UTC. United Kingdom Employment Change 3M/3M (MoM) (Dec) will be released tomorrow at 07:00 UTC.
Trading mostly sideways for 2 months. Having set a peak of 0.9785 around 4 months ago, Euro-Pound is now trading 9.48% below this level.