EUR/GBP crashes after losing 57 pips, breaking down to 0.8568.
Euro Zone ECB President Lagarde speech is next tomorrow at 02:40 UTC.
On the flip side, highly important Unemployment Change data from Germany beat analyst expectations of 13,000 with a reading of 17,000.
Meanwhile, Euro Zone Consumer Price Index came out at 10%, while a consensus of analysts was expecting 10.4%. Data for Euro Zone Unemployment Rate published today at 10:00 UTC came out at 6.5, beating projections of 6.6 and showing improvement over the preceding figure of 6.6.
In the meantime, negative performances are also seen in other pairs as USD/JPY is down 270 pips from the beginning of the session and now trades around 135.38.
Though Euro-Pound has been dropping, other pairs have been performing better: having closed the previous session at 1.2062, GBP/USD is up 1.77% today to currently trade at around 1.2275. GBP/CAD explodes 1.71% to trade around 1.6458.
Furthermore, Euro Zone ECB President Lagarde speech scheduled to come out tomorrow at 02:40 UTC. Germany Trade Balance (Oct) is expected tomorrow at 07:00 UTC. As things stand, upcoming Spain Unemployment Change data is projected to fall short of market expectations with newly published data of -20,300, following on from the preceding figure of -27,000. New data is set to be published tomorrow at 08:00 UTC.
As things stand, Euro-Pound is 11.86% away from a significant high of 0.9785, first set a month ago.