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EUR/GBP breaks lower
A steady weakening in the euro has combined with some strength in the pound to push this pair back below £0.90.
So far, the price is showing little inclination to move below £0.8880, with £0.8740 and then the 50-day simple moving average at £0.8673 the next areas to watch for on the downside. We would need to see a move back above £0.8940 to indicate the pair has turned around.