1. On the weekly EUR/GBP chart we could see five waves up which I labeled "1 or A", followed by multiyear decline "2 or B" and then another five waves rise.
2. Yesterday sharp reversal down in EUR/USD indicate that wave e of contracting triangle is completed and the new trend down to parity started.
3. The Cable is in upward correction and may rise to resistance zone 1,3000 - 1,34000
Based on this I expect EUR/GBP to fall to fibo levels (see chart 1) in next few months.