Having made a morning high at 0.8148, EUR/GBP has steadily declined following the dual decisions from the Bank of England and the European Central Bank This morning saw both central bank fulfil analyst expectations, with the BoE keeping policy on hold for the next month, with no sign of activity on the near term horizon. The main story however, has been that the ECB trimmed rates to 0.15% from 0.25%. The immediate reaction saw spot spike to 0.8138 before swiftly reversing and declining to 0.8093. Spot found support around there and is presently trading just above the round number at 0.8103. RSI is in neutral territory at 22.91, down from it’s last hourly close at 39.14, while ADX is ranging above 30 at 15.28, down from 17.20 at the last hourly close. Looking to a daily chart, we see that RSI is neutral at 41.41. Meanwhile, 2-Standard Deviation Volatility Bandwidth is presently at 13 pips and expanding on the hourly EUR/GBP chart, while the ATR (14) is currently at 6 pips. 2-Standard Deviation Volatility Bandwidth is at 101 pips and shrinking on a daily chart. Spot is presently trading at 0.8105, and next resistance can be seen at 0.8112 (Daily Classic S1), 0.8119 (Yesterday's Low), 0.8119 (Weekly Low), 0.8123 (Hourly 200 SMA) and 0.8124 (Hourly 20 EMA). Next support to the downside can be found at 0.8098 (Daily Classic S2), 0.8096 (Weekly Classic S1), 0.8095 (Daily Low), 0.8094 (Monthly Low) and 0.8094 (Annual Low).