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Chart - Courtesy Trading View
EUR/GBP was trading 0.11% higher on the day at 0.8455 at around 11:00 GMT.
The pair is consolidating previous session's slump, technical indicators have turned bearish.
Concerns that the ongoing energy crisis in Europe could drag the region's economy faster and deeper into recession weighed on the single currency.
European Commission chief Ursula von der Leyen's warning on Wednesday, that the EU needs to make emergency plans to prepare for a complete cut-off of Russian gas fueled further weakness.
On the other side, reduced political uncertainty lifted sterling and further contributed to the selling bias in the pair.
Price action is holding major support at 200-DMA. Decisive break below will plummet prices further.
