EUR/GBP continues to head lower
The pair hit its lowest level since 6 January yesterday, exploring the area below the £0.86 level and creating a new lower low. The direction of travel since last week has been firmly lower, so rallies should continue to be sold, unless the Brexit court news provides a serious disruption.
Given the market is still broadly short sterling this seems unlikely. Instead we look to downside targets at £0.8565 and £0.8534.