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EUR/GBP presses lower again

There have been several market reactions to the latest UK inflation data this morning and many of those have already been touched upon here. The Pound is the main beneficiary of all this and the FTSE 100 the biggest loser right now. The GBP/JPY has lifted above 187 this morning and that move has also been driven by the further slide in the Yen at the same time. So, it is a win double right now for the GBP/JPY, if you want to call it that. The EUR/GBP is also taking the strain on the downside now and falling back further from an earlier session high at 0.8619. The EUR/GBP had closed in the US last night at 0.8606. It has just now hit a session low at 0.8583. The prospect of this falling back further, towards 0.8550 again from here is clearly live right now. So, given all that surrounds the pound at the moment I would guess; that any rallies will be met with sellers. That is until and unless there is any change in the current new dynamics for the pound this morning 
 

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