EUR/GBP slides to multi-year lows sub 0.7900

FXstreet.com (San Francisco) - The EURGBP cross continues to push lower at the closing bell in New York, having just slid to as low as 0.7891, a price not seen since 3 Nov 2008.

At the time of writing, the cross has recorded a 0.5% loss on the day. Technical studies on the weekly timeframe chart show the RSI at the statistically significant 30 level, suggesting the market now trades in oversold conditions and may be poised for bullish corrective action in the sessions ahead.