EUR/GBP drops while GBP/USD rallies as UK inflation slows less than expected despite it dropping significantly to 2.3% YoY, EUR/USD flat.  EUR/USD consolidates further below last week's high at $1.0895, above which still beckons the March peak at $1.0981. Upside pressure will remain in play while Friday's low at $1.0836 underpins. Further minor support can be seen along the breached downtrend line at $1.0818. EUR/GBP is trading in two-month lows and is fast approaching the £0.8503-to-£0.8499 significant support zone which is likely to at least short-term hold. Minor resistance is seen along the breached support line at £0.8538. These past few days GBP/USD range traded in low volatility in two-month highs ahead of today’s higher-than-expected UK consumer price index (CPI) data which led to an acceleration higher towards the $1.29 region taking place. Potential slips may find support around Friday's low at $1.2645. #BeginnerTalk# #FX# #trading# #OPINIONLEADER# #DailyViewTrade#