EUR/GBP is grinding lower from 0.8754 to 0.8716, shedding 38 pips (0.44%) today.
Germany's Business Climate Index new data released of 84.3 below its previous figure.
Highly important Business Climate Index data from Germany beat analyst expectations of 83.3 with a reading of 84.3.
Amid the market gloom, United Kingdom Manufacturing PMI came out at 45.8, while a consensus of analysts was expecting 48. United Kingdom Services PMI released yesterday at 08:30 UTC with a figure of 47.5, while the previous figure was 50.
Though Euro-Pound has been dropping, other pairs have been performing better: GBP/NZD gained 0.69% and is now trading at 1.9945. Having closed the previous session at 1.5462, GBP/CAD is up 0.58% today to currently trade at around 1.5551. Having closed the previous session at 1.128, GBP/USD is up 0.38% today to currently trade at around 1.1323.
Furthermore, France Jobseekers Total is expected tomorrow at 10:00 UTC.
Euro-Pound is now trading 10.54% away from its significant high of 0.9785 first tested 16 days ago.