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EUR/GBP chart - Trading View
EUR/GBP was trading 0.26% lower on the day at 0.90 at around 09:45 GMT, bias turns bearish.
Progress toward a Brexit deal is boosting the pound, with fisheries remaining as a contentious topic.
A breakthrough became possible after UK Prime Minister Boris Johnson allowed for alignment mechanism with EU rules.
Focus also on the Bank of England (BOE) which is set to announce its policy decision later in the day. Markets expect the central bank to leave its policy unchanged.
The BOE is set to stay pat in its last decision of the year after adding £150 billion to its bond purchase scheme in November.
EUR/GBP trades with a bearish bias. Price action remains pivotal at 200-DMA and cloud support.
Break below will plummet prices. Scope then for test of Wedge base at 0.8865. Bearish invalidation above daily cloud.
