Currently trading at 0.8727, EUR/GBP remains range-bound between 0.8713 and 0.8732.
At the same time, Germany Producer Price Index released earlier showed a marked improvement to -3.9% from the preceding data of -4.2%, but fell short of the -2.5% figure forecast by a consensus of market analysts.
Other currencies are also rising as having closed the previous session at 1.9197, GBP/NZD is up 0.53% today to currently trade at around 1.93. EUR/NZD is up 0.61%.
Meanwhile, after ending yesterday's session at 0.6346, NZD/USD lost 45 pips and is trading around 0.63.
Furthermore, the market is looking at tomorrow at 07:00 UTC data for United Kingdom GDP will be released, with an expected decline to -0.2 from the preceding figure of 0.2. United Kingdom GDP projected to come out at 2.4% — worse than previous data of 4.4%; data will be released tomorrow at 07:00 UTC.
Elsewhere, United Kingdom Current Account (Q3) scheduled to come out tomorrow at 07:00 UTC.
Trading mostly sideways for a month. Having set a peak of 0.9785 around 2 months ago, Euro-Pound is now trading 10.9% below this level.