EUR/GBP falls into the final fix of the month-can it recover?

Yesterday the comments from the ECB president, Christine Lagarde endorsed what the markets already know- the ECB is set to cut rates further and perhaps for several meetings in a row. That said her endorsement of that outlook still pushed the Euro lower, versus the dollar and the Pound. In fact, the EUR/GBP fell to set a new year to date low yesterday afternoon, at 0.8313. That fall came right into the final 4pm London fix of the month and the quarter. The EUR/GBP later set a monthly close at 0.8325- also its lowest of the year. It has rebounded slightly so far today, but the fact remains; it is still under pressure, not least on the prospect of the ECB far out-cutting the BOE in the months leading into the end of the year. The range seen so far today has been covered by 0.8318 to 0.8330. The EUR/GBP is currently trading at 0.8328