EUR/GBP sees a rise below the mid-0.8500s after the UK labor market and German CPI data release. The UK’s ILO Unemployment Rate climbed to 3.9% for the three months leading to February, worse than anticipated. German Harmonized Index of Consumer Prices (HICP) matched expectations, reporting 0.6% MoM and 2.7% YoY in February.
Attention now turns to the UK’s monthly Gross Domestic Product (GDP) data set for Wednesday. EUR/GBP maintains a positive stance around 0.8540, marking a 0.16% increase for the day.
In the UK, recent data from the Office for National Statistics revealed a higher-than-expected ILO Unemployment Rate, reaching 3.9% in the three months ending February, up from the previous 3.8%. Additionally, the number of individuals claiming jobless benefits surged by 16.8K in February, compared to a 3.1K gain in January. January’s UK Employment Change stood at -21K, contrasting December’s 72K increase.
On the Eurozone front, Germany’s Consumer Price Index (CPI) for February aligned with market predictions, holding steady at 0.4% MoM and 2.5% YoY. The Harmonized Index of Consumer Prices (HICP) for the same period matched expectations at 0.6% MoM and 2.7% YoY.
Looking ahead, Wednesday will release the UK monthly GDP, Industrial Production, Manufacturing Production, and Trade Balance data for January. Traders are poised to react to these figures, seeking opportunities within the EUR/GBP cross.
EUR/GBP
OVERVIEW | |
---|---|
Today last price | 0.8534 |
Today Daily Change | 0.0008 |
Today Daily Change % | 0.09 |
Today daily open | 0.8526 |
TRENDS | |
---|---|
Daily SMA20 | 0.8548 |
Daily SMA50 | 0.8561 |
Daily SMA100 | 0.8615 |
Daily SMA200 | 0.8609 |
LEVELS | |
---|---|
Previous Daily High | 0.8535 |
Previous Daily Low | 0.8504 |
Previous Weekly High | 0.8568 |
Previous Weekly Low | 0.8504 |
Previous Monthly High | 0.8578 |
Previous Monthly Low | 0.8498 |
Daily Fibonacci 38.2% | 0.8523 |
Daily Fibonacci 61.8% | 0.8516 |
Daily Pivot Point S1 | 0.8509 |
Daily Pivot Point S2 | 0.8491 |
Daily Pivot Point S3 | 0.8478 |
Daily Pivot Point R1 | 0.854 |
Daily Pivot Point R2 | 0.8553 |
Daily Pivot Point R3 | 0.857 |