FXStreet (Edinburgh) - Richard Franulovich, Strategist at Westpac, sees the cross slipping towards the 0.70 handle and below in the near term. Key Quotes “EUR/GBP on course to test 0.70 and below in coming sessions”. “A potential 6mth expansion of the ECB’s QE program and a stepped up pace, perhaps an additional EUR15-25bn per month, not to mention a deposit rate cut, should set the stage for a clean break to fresh 2015 lows for the cross (i.e. sub- 0.6930)”. “The latest data suggests UK growth momentum may well be ticking higher again, certainly that’s the message from the latest stronger PMIs, retail sales and labour force data”. For more information, read our latest forex news.