After closing at 0.8644 yesterday, EUR/GBP opened today at 0.8644, to be greeted by bearish sentiment that overshadowing today's price action. Irrespective of the bearish mood, EUR/GBP retains a distinct 0.8605 to 0.8652 daily range.
United Kingdom BoE Gov Bailey speech is next today at 15:00 UTC.
Meanwhile, Germany Consumer Price Index released today at 13:00 UTC with a figure of 10%, while the previous figure was 10.4%. Germany Consumer Price Index came out at -0.5%, while a consensus of analysts was expecting -0.2%. Italy 10-Year BTP Auction released today at 10:10 UTC with a figure of 3.96, while the previous figure was 4.24.
In the meantime, negative performances are seen in other pairs, EUR/NZD is trading around 1.6615 (down 150 pips). EUR/AUD dips 1.04% to trade around 1.538. GBP/NZD falls 0.59% to trade around 1.928.
In addition, as things stand, upcoming Germany Unemployment Change data is projected to fall short of market expectations with newly published data of 13,000, following on from the preceding figure of 8,000. New data is set to be published tomorrow at 08:55 UTC.
Furthermore, Euro Zone Consumer Price Index is expected tomorrow at 10:00 UTC. United Kingdom BoE Gov Bailey speech is scheduled today at 15:00 UTC.
Having set a peak of 0.9785 around a month ago, Euro-Pound is now trading 11.66% below this level.