EUR/GBP posts light gains on a low-volatility day, ranging between 0.8597 – 0.8611 and is now at 0.8607.
United Kingdom Construction PMI data will be released today at 09:30 UTC, with an expected decline to 52.
Meanwhile, United Kingdom Composite PMI released yesterday at 09:30 UTC with a figure of 48.2, while the previous figure was 48.2. Fresh BRC Retail Sales Monitor (YoY) (Nov) data from United Kingdom came out at 4.1. Retail Sales in Euro Zone fell short of market expectations (-1.7%) with a reading of -1.8%, continuing the decline from the previous figure of 0.8%.
A look at other currencies also shows bullish price action as USD/JPY is up 0.5% to 137.37. USD/CHF is up 0.4%. EUR/JPY increases 0.31% to trade around 143.93.
Also worthy of note, today at 09:30 UTC data for United Kingdom Construction PMI will be released, with an expected decline to 52 from the preceding figure of 53.2.
Furthermore, the market is looking at Germany Industrial Production expected to decline to -0.6% while its preceding data was 0.6%, data will be available tomorrow at 07:00 UTC. Germany Factory Orders is projected to outperform its last figure with 0.1%. It previously stood at -4%; data will be released today at 07:00 UTC.
Having set a peak of 0.9785 around a month ago, Euro-Pound is now trading 12.07% below this level.