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EUR/GBP fails to hold rise above 0.8700

As expected the push above 0.8700 yesterday in the EUR/GBP did deliver some modest extension. That was deemed likely beforehand, when an update here noted the move just above 0.8700. Well, in the event the Euro only rose to 0.8715, before it reversed lower again. That reversal saw it fall back to 0.8686, before later closing in the US at 0.8687. It fell back further earlier today. The low seen was set at 0.8668. That further fall was mostly about a rebound in the GBP/USD, from a low seen yesterday at 1.2713, to above 1.2770 earlier today, but more on that pair in another update. The potential for upside in the EUR/GBP coming into the Year-end was always there, but it remains to be seen, if there is more of the same into the final London fix of 2023, at 4pm GMT. We shall just have to see on that. The range seen so far today has been covered by that noted low and an earlier high at 0.8699. It is currently trading at 0.8681 

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