• EUR/GBP is deeply oversold, which cautions against chasing further downside at current levels

• The dip below 0.8400 was quickly rejected, hinting that a short-term floor may have been found

• French unrest has weighed on EUR, but the UK data calendar is heavy

• BoE pricing looks overdone, so the bar for a dovish repricing is low

• That said, sterling's asymmetry is skewed to the downside. A soft print should have an outsized impact relative to a strong one

• Data ahead - Jobs (Oct 20), CPI (Oct 21), Retail sales & flash PMIs (Oct 23)
EURGBP daily

Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))