The EURO has been tracking sideways against GBP for months, all of a sudden something has changed and some big money traders have taken the EURO out of its consolidation zone and prices are now moving to the down side.
How far can prices get - who knows - but what is interesting is that on the EURGBP we have not yet even reached the opening prices of the Brexit move oj June 2016 so there could be some way to go.