EUR/GBP is grinding lower from 0.8783 to 0.8742, shedding 40 pips (0.47%) today.
On the flip side, highly important Average Earnings Index +Bonus data from United Kingdom beat analyst expectations of 6.2 with a reading of 6.4.
Amid the market gloom, United Kingdom Consumer Price Index came out at 10.5%, while a consensus of analysts was expecting 10.5%. Germany ZEW Economic Sentiment Index released yesterday at 10:00 UTC with a figure of 16.9, while the previous figure was -23.3.
Though Euro-Pound has been dropping, other pairs have been performing better: GBP/CAD is up 1.27% to 1.6659. EUR/CAD is up 0.81%. Having closed the previous session at 1.3388, USD/CAD is up 0.8% today to currently trade at around 1.3495.
Furthermore, Euro Zone ECB Publishes Account of Monetary Policy Meeting is expected tomorrow at 12:30 UTC. Euro Zone ECB President Lagarde speech is scheduled for tomorrow at 10:30 UTC. United Kingdom RICS House Price Balance (Dec) will be released tomorrow at 00:01 UTC.
Trading mostly sideways for a month. Having set a peak of 0.9785 around 3 months ago, Euro-Pound is now trading 10.24% below this level.