Pound keeps lower on the day as EUR/GBP sees a case for a technical bounce

The pound is down to session lows on the day


EUR/GBP is once again bouncing off the 0.8300 level and that is helping to put some pressure on the pound on the session as we also see cable fall to session lows of 1.3010.

Support around 0.8300 has been a key level in EUR/GBP over the years and that is once again proving to be a case – at least for now – as we start the new week.

Any major hiccups there could derail a technical bounce in EUR/GBP and that will be cause for concern as it is a slippery slope once the 0.8300 level gives way.