The traders over at Nomura Bank have had a very good run this year in EUR/GBP and they are trying their luck at it again, going short at .8050 with a stop-loss at .8170 and a target at .7800.
Their analysis and trade decision is heavily based on Gilt flows.
I’ve got the opposite position, being short cable and long EUR/USD, but I do find these guys normally very prescient so I’ll be watching for signs that they may be right and a downward turn is in motion.