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The EUR/GBP pair shot straight up during the session on Thursday as the Euro continues to strengthen against most currencies. However, we are currently in the middle of a big massive amount of noise from the month of June, and as such we aren't as interested in this pair as many other ones.
The Euro is currently enjoying bullishness against many currencies, and this market isn't any different. However, the British pound is strong against many other currencies as well, and as such we feel this market is beginning to very strong currencies against each other, which is something that we do not like to do. Because of this, we are very flat of this market right now.