Ahead of UK GDP data tomorrow, specs are loading up on EUR/GBP. Slowing growth is expected by economists (and increasingly, traders). The median forecast is for a 0.5% growth rate in Q4 from 0.7% in Q3.
Constraining the market near-term is the 100-day moving average at the 0.8534 level.
Downtrend resistance, drawn off the October high at 0.8941 comes in at 0.8555.
