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EUR/GBP chart - Trading View
EUR/GBP was trading 0.07% higher on the day at 0.8565 at around 09:00 GMT, bias remains bearish.
The British pound remains under pressure amid fears of rising coronavirus (COVID-19) cases due to the latest unlock in the UK.
Also weighing on the pair could be the EU-UK tussles and a light data calendar. UK’s anticipated £5 billion a year losses in e-commerce, due to Brexit adds to the woes.
EUR/GBP was down 1.04% for the month till date with scope for further weakness.
Price is on a downward spiral for the 6th straight month. Breaks into monthly cloud.
Technical indicators are biased lower. The pair is on track to test 110-month EMA at 0.8465.
