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EUR/GBP pushing lower again as GBP/USD eyes 1.2800

Yesterday, the noted break below 0.8500 in the EUR/GBP did not deliver much in thew way of a downside move. The pair rebounded slightly into the technical US close, to end the session at 0.8504. So far today that rebound extended to a session high earlier at 0.8518, but it is tracking lower again, as the GBP/USD grinds its way ever closer to the 1.28 handle. That dynamic coupled with the still elevated GBP/JPY has helped to push the EUR/GBP back to test the 0.8500 handle once more. Turning back to the GBP/JPY, that has come agonisingly close to the current 2024 high at 200.55. The high seen so far today has been set at 200.53. It seems like it might not be done with that topside yet, but we shall have to see. The EUR/GBP is currently trading at 0.8503

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