EUR/GBP crashes after losing 43 pips, breaking down to 0.876.
Euro-Pound is currently trading at 0.876 following the release of ECB President Lagarde speech data from the Euro Zone.
While price action maintains a negative bias, Euro Zone Interest Rate came out at 3.75, while a consensus of analysts was expecting 3.75. Euro Zone Deposit Facility Rate (May) released today at 12:15 UTC with a figure of 3.25, while the previous figure was three. Euro Zone ECB Marginal Lending Facility released today at 12:15 UTC with a figure of four, while the previous figure was 3.75.
In the meantime, negative performances are also seen in other pairs as EUR/NZD closed at 1.7545 (down 1.23%). EUR/CAD dips 0.95% to trade around 1.4911. GBP/NZD closed at 2.0029 (down 0.69%).
Some optimism can drawn from the fact that United Kingdom Construction PMI is projected to outperform its last figure with 51. It previously stood at 50.7; data will be released tomorrow at 08:30 UTC.
Furthermore, Germany Factory Orders projected to come out at -2.2% — worse than previous data of 4.8%; data will be released tomorrow at 06:00 UTC. Euro Zone Retail Sales is projected to outperform its last figure with -0.1%. It previously stood at -0.8%; data will be released tomorrow at 09:00 UTC.
Trading mostly sideways for 2 months. Euro-Pound is now trading 23.41% away from its significant low of 0.7134 first tested 10 months ago.