EUR/GBP regained traction on Thursday and eroded a part of the overnight losses. Pessimistic Brexit headlines took its toll on the sterling and provided a goodish lift. A mild bid tone surrounding the shared currency remained supportive of the move. The British pound weakened across the board and pushed the EUR/GBP cross back above the 0.9100 mark, or fresh daily tops during the early European session. Following a brief consolidation through the early part of the trading action on Thursday, the cross managed to regain some positive traction and recovered a major part of the previous day’s losses. The latest leg of a sudden spike over the past hour or so was exclusively sponsored by the emergence of some fresh selling around the sterling. According to Reuters, citing EU sources familiar with the matter, the EU and the UK failed to close differences in the latest round of trade talks. The sources further clarified that both sides are split on the issue of state aid and the final consent from the EU side would depend on the withdrawal of the UK’s so-called internal market bill. The pessimistic remarks took its toll on the British pound, which, in turn, was seen as one of the key factors driving the EUR/GBP cross higher. Apart from this, a mild bid tone surrounding the shared currency – supported by a softer USD and mostly in line Eurozone PMI prints – remained supportive of the EUR/GBP pair’s intraday positive move. Market participants now look forward to the final version of the UK Manufacturing PMI. The data seems more likely to pass unnoticed and do little to provide any meaningful impetus to the EUR/GBP cross as the key focus will remain on incoming Brexit-related headlines. Technical levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Breaking: GBP/USD tumbles below 1.29 as EU set to slap legal action against the UK FX Street 2 years EUR/GBP regained traction on Thursday and eroded a part of the overnight losses. Pessimistic Brexit headlines took its toll on the sterling and provided a goodish lift. A mild bid tone surrounding the shared currency remained supportive of the move. The British pound weakened across the board and pushed the EUR/GBP cross back above the 0.9100 mark, or fresh daily tops during the early European session. Following a brief consolidation through the early part of the trading action on Thursday, the cross managed to regain some positive traction and recovered a major part of the previous day's losses. The latest… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.