Trades higher on the weaker US spending.
The USD spending and income data for August did not exactly knock it out of the ballpark. Real spending (used for GDP) fell by -0.1% which was the lowest reading since January and also only the 2nd decline since early 2014. Consumer spending has been the bright spot in GDP. This is not all that great
Technically, the pair is moving away from the 200 day MA (D1 MA 200 in the chart above) at 1.11587 and moved toward the 100 day MA at 1.11819. That MA found buyers against it on Tuesday and Wednesday. Traders might look to lean against the level with stops on a break above (the level is being tested - moving above - as I type now).
Today is the last day of the month and that may lead to some late buying of EURGBP. Yesterday there was a run up. Today the price gains have been reversed. The pair is finding some support against trend line support and prior swing lows/highs going back to Sept 20 (see yellow area in the chart below). The 200 hour MA at the 0.8622 will be a target to get to and through for a more bullish bias again.
