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EUR/GBP continues to grind lower today

The EUR/GBP has been steadily leaking lower all day so far. The Pound has outperformed the Euro in dollar terms and the GBP/USD is currently still holding an earlier break above the noted 50 day moving average (1.2677). That has come as the EUR/USD continues to struggle to get above, or hold above its 200 day moving average (1.0828). So, the EUR/GBP, which closed last night at 0.8548, has fallen back to a session low a short while ago at 0.8529 

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