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EUR/GBP losing traction so far today
The drop back in the EUR/USD from above 1.07 this morning has impacted other pairings and the most noticeable of those right now is the EUR/GBP. That traded as high as 0.8749 earlier today after closing in the US on Friday at 0.8738. It has now fallen back below 0.8710 and hence dropping towards its 200 day moving average for the umpteenth time. That is still falling and in place today at 0.8687. The move lower comes as the GBP/USD remains near session highs above 1.2250 whilst the EUR/USD falls back. The EUR/GBP is currently trading at 0.8708
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