2.3B expiry at 0.7100 seems to be a catalyst
No better way to have some fun, then to push a summer market around with an option expiry. There are a reported 2.3 billion expiring with a 0.7100 strike. The low for the day 0.71006. You got to think someone wanted to keep that price above that level and did so by pushing the spot price away.
Forex technical analysis: The tail wags the dog as EURGBP options influence price action
