EURGBP saw a strong reversal late yesterday after touching its lowest levels since November of last year. The bullish reversal suggests the pair could take things higher again toward 0.8575 or even 0.8635 (the old low from February). Above these levels, we have a full trend reversal if it progresses beyond perhaps the 0.8760 area. It appears the move in risk aversion and tremors in the financial sector and banking stocks have rubbed off on the pound and may continue to do so in the short term.