• EUR/GBP slumped below 0.79 handle to hit lows of 0.7899 before paring some losses to currently trade around 0.79 levels.
   
• The Bank of England Monetary Policy Committee (MPC) voted unanimously to maintain Bank Rate at 0.5% at today’s meeting. 
   
• The BoE also warned about the effects of a Brexit on UK economy ahead of the June 23 referendum. “Sterling is also likely to depreciate further, perhaps sharply”, said the Bank.
   
• Earlier today the final estimate of euro area inflation in May showed that consumer prices dropped 0.1% y/y in May, having slowed its pace of decline after April's 0.2% drop. 
   
• Immediate support is seen at 0.7850 (trendline) and resistance lies at 0.7994 (session highs).
   
• Techs are inconclusive, volatility to remain, we would stay on the sidelines for now.