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Chart - Courtesy Trading View
EUR/GBP was trading 1.33% lower on the day at 0.8622 at around 16:00 GMT.
The pair is extending previous session's slump, dives below 200-week MA support, raising scope for further weakness.
The British pound surged on rumors that the UK Government might be discussing changes in the mini-Budget that roiled markets last month.
Volatility is high and rising, momentum is strongly bearish. Stochs and RSI are sharply lower.
Chikou span is biased lower. MACD supports weakness in the pair. Next immediate support is seen at 110-EMA at 0.8588.
