FXStreet (Edinburgh) - The generalized weakness around the single currency has relegated EUR/GBP to trade in the low-0.7000s ahead of today’s UK releases. EUR/GBP softer pre-UK CPI The European cross is extending the weekly decline to test fresh 3-month lows in the 0.7020 area against a backdrop of increasing selling pressure around EUR. In fact, the shared currency continues to lose ground vs. its main rivals, as the effects from the Paris attacks still linger over the markets and the US dollar remains bid across the board. Ahead in the session, UK’s inflation figures are due later, followed by the German/EMU ZEW Survey. Market consensus expects the headline CPI to have contracted 0.1% on a year to October, while core prices are seen at 1.0% YoY. EUR/GBP important levels As of writing the cross is losing 0.01% at 0.7026 facing the next support at 0.7000 (psychological level) ahead of 0.6948 (low Aug.5) and then 0.6934 (2015 low Jul.17). On the upside, a surpass of 0.7085 (downtrend from 0.7496) would expose 0.7131 (23.6% Fibo of 0.7496-0.7018) and then 0.7201 (100-day sma). For more information, read our latest forex news.