The EURGBP pair appears to be setting up for a trend reversal here. The pattern is a reversal pattern that occurs when the current trend is unable to continue any further.
With all the uncertainty around the European banking situation (both in Italy and DB ), Greece not meeting it's reform expectations, and all the other issues the EU faces, I'm expecting the Euro to be weak for awhile still.
Bank Slump Triggers Worst Week in Three Months for Europe Stocks
French President Francois Hollande said: "Either we move in the direction of disintegration, of dilution, or we work together to inject new momentum , we relaunch the European project."
Jean Asselborn: Hungary “should be excluded temporarily or if need be forever from the EU”