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EUR/GBP chart - Trading View
EUR/GBP was extending previous session's recovery, edges higher for the 2nd straight session.
The pair was trading 0.30% higher at 0.8788 at around 11:05 GMT, edges above 5-DMA at 0.8758.
Data released earlier today by the federal statistics authority Destatis showed German Industrial Production missed estimates with 0% in December.
Germany seasonally adjusted industrial output printed at 0% MoM vs. a 0.3% rise expected and 0.9% last.
On an annualized basis, the German industrial production dropped by 1% in December versus -2.5% booked in November.
The single currency was largely unfazed. Optimism about the receding covid infections and death tolls in the UK was muted amid Brexit woes.
Technical bias for the pair remains bearish. Recovery attempts lack traction. Retrace above 200H MA at 0.8813 could see more upside.
