EUR/GBP gets another excuse to extend the rebound

The rebound in the EUR/GBP from this time yesterday morning has extended further since earlier today. The lower UK inflation data yesterday kicked that recovery off and the weaker than expected UK growth data today has helped it to push higher again. So, now the EUR/GBP has lifted above 0.8550 following the GDP news; that the UK entered into a recession in Q4 last year. Actually, the Pound is losing further traction across the board this morning, falling versus the dollar and the Yen. The EUR/GBP closed in the US last night at 0.8538. It has lifted to a session high so far this morning, at 0.8557. It is currently trading at 0.8555