The EUR/GBP pair rose on Friday significantly for the third day in a row. It peaked during the American session at 0.8640, the highest level since November and then pulled back modestly, holding above 0.8600. Over the last three days it rose more than 250 pips.
There were no particular catalyst for the move lower in the pound. The currency was negatively affected by risk aversion as global financial markets suffered the worst week since the 2008 financial crisis.