Recently US crude futures slipped below the key $30 level for the first time since December 2003. Due to the free fall of oil prices, markets anticipate further rate cuts by ECB in March. Indeed, Brent oil prices are now 40% lower than ECB expected only a month ago. Euro zone Inflation is also gradually recovering as easing bias tends to lower the rates as well. 

By taking all the criteria in to consideration, policy divergences will drag both EUR/USD and EUR/GBP lower in 2016.