EUR/GBP tests 0.8300 as a potential new 2024 low looms

The EUR/GBP has been falling back steadily for the past couple of hours. The Euro is just now testing the 0.8300 handle and in fact this minute traded below the level. The current 2024 low is still in place from the move lower the other week, when it fell to 0.8295. The EUR/GBP closed in the US last night at 0.8335, so as you can see it has come a fair way already today, but as you can also see it is threatening that year to date low this afternoon. It remains to be seen if that will hold and in truth this is more about Euro weakness right now than it is anything to do with the Pound. The low seen a moment ago was set at 0.8299. It is just now trading at 0.8302