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EUR/GBP edging lower so far today
The EUR/GBP has been losing traction for a couple of days now and systematically failing to hold moves above the 0.8350 marker. The Euro closed in the US last night at 0.8328 and it has been on the drift lower so far today. That move comes as the EUR/USD rise stalls at 1.0388 today and edges back down ahead of the US retail sales report (1.30pm GMT). The GBP/USD has remained elevated above 1.2576 and that has helped to push the EUR/GBP down to a low so far at 0.8315. The next support level is in place at 0.8303. The EUR/GBP is right now at 0.8321
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