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Forex pairs in this Article » EUR/GBP (Barcelona) - EURGBP has declined sharply at the conclusion of UK PM Cameron's speech, in which his gave an impassioned defence of his belief in Britain's place in the EU.

Having made a morning high at 0.8414, spot has declined this morning to post a low at 0.8385, where spot is currently trading and finding some support at the 610 hourly MA. Hourly RSI sits at 30 and has a downward bias. In a speech in which the PM highlighted British dissatisfaction with the turn that Europe has taken, he pledged to hold an in-out referendum in 2017 should his party win a majority in the next election and issues with the relationship were not be resolved. However, he was keen to reaffirm that he saw Britain's future in a reformed Europe.
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