• Selling pressure around the pound continues following UK Prime Minister Theresa May's comments over the weekend.
   
• Upbeat data manufacturing & construction PMI released earlier in the week unable to lift sentiment. 
   
• EUR/GBP continues grind higher, hits fresh multi-year highs at 0.8814, bias remains higher.
   
• Break above crucial 0.8815 resistance could see test of 0.8885 levels. 
   
• Technicals are bullish and support further upside, though indicators remain in heavily overbought territory.
   
• We see resumption of weakness only below 20-DMA at 0.8595.
   
• Our previous call (http://www.econotimes.com/FxWirePro-EUR-GBP-spikes-to-fresh-highs-since-Aug-2013-bias-higher-329162) has hit all targets.
   
• Recommend booking partial profits. Break above 0.8815 targets 0.8885 levels.