EUR/GBP weakened earlier in the day, before moving away from its 0.869 low and recovering back to 0.8706.
Euro-Pound is currently trading at 0.8706 following the release of ECB President Lagarde speech data from the Euro Zone.
In contrast, positive data for Euro-Pound reported earlier when United Kingdom Retail Sales came out at 0.6%, better than analyst estimates of 0.3% and improving upon the previous reading of -1.5%.
Meanwhile, Euro Zone Consumer Price Index released yesterday at 10:00 UTC with a figure of 10.6%, while the previous figure was 9.9%. United Kingdom Core Retail Sales released earlier showed a marked improvement to 0.3% from the preceding data of -1.5%, but fell short of the 0.6% figure forecast by a consensus of market analysts.
In the meantime, negative performances are also seen in other pairs as EUR/NZD is down 104 pips from the beginning of the session and now trades around 1.6803.
Positive performances can be seen by looking at other currencies as having closed the previous session at 1.5811, GBP/CAD is up 0.67% today to currently trade at around 1.5917. Having closed the previous session at 1.3324, USD/CAD is up 0.45% today to currently trade at around 1.3384.
Furthermore, United Kingdom MPC Member Haskel speech set for today at 17:15 UTC. United Kingdom CFTC GBP speculative net positions scheduled to come out today at 19:30 UTC. Euro Zone CFTC EUR speculative net positions will be released today at 19:30 UTC.
Euro-Pound is now trading 10.76% away from its significant high of 0.9785 first tested a month ago.