Is it groundhog day as we had a similar situation yesterday starting around the same time?
EURGBP 15m chart 01 04 2014
GBPUSD 15m chart 01 04 2014
It’s possible it’s related to end of month, new financial year flows and the European fix is at 13.00 gmt.
As Mike has highlighted, bids down at 1.66 are still in place and offers at 0.8300 in EUR/GBP are maining it tough at the top, though we have traded to 0.8306 so far. The 100 dma is waiting at 0.8310.
The euro has also had a little run up in early US trading to 1.3815