UK Feb CBI Distributive Trades Survey - Realized (MoM) falls to 8 vs 17 (Jan)

Yesterday’s breach of the 0.8800 level seems like a wayward dream a day later, as the EUR/GBP has found itself trading considerably off its European highs just 24 hours ago. An earlier attempt at the upside was stonewalled at the 0.8643 region (session high), reversing the pair and driving downwards into negative territory. With the turmoil continuing in Italy and on the heels of UK data, the cross has settled in the area of 0.8610/11 in these moments.