FXStreet (Edinburgh) - EUR/GBP is now testing the 0.7580 area on Friday following poor results from the UK docket, prolonging the daily drop from the mid-0.7600s. EUR/GBP keeps the red post-UK releases The negative sentiment remains around the single currency post-ECB meeting, while the sterling seems to have ignored the miserable prints from UK Retail Sales, dropping 1.0% from November to December. In addition, sales excluding the Fuel component have followed suit, down 0.9% inter-month. On a more positive note, UK’s Public Sector Net Borrowing shrunk to nearly £6.9 billion during November, bettering expectations. EUR/GBP key levels The European cross is now losing 0.46% at 0.7610 and a breakdown of 0.7496 (20-day sma) would aim for 0.7480 (2-month uptrend) and finally 0.7310 (low Jan.5). On the other hand, the immediate hurdle lines up at 0.7756 (high Jan.20) followed by 0.8007 (high Dec.16 2014) and then 0.8041 (high Nov.27 2014). For more information, read our latest forex news.