EUR/GBP is trading on the lower end of its weekly range near the 0.8540 price zone on Tuesday. Adding to the negative sentiment, US forces attacked a Panama-flagged ship that was trying to cross through the Strait. The Sterling is trading with a firmer tone, maintaining the cross in the red for a second consecutive day. On Wednesday, the main catalyst for the EUR/GBP will be the German Harmonized Index of Consumer Prices (HICP). Short-term momentum is soft, with the Relative Strength Index (RSI) hovering near 37, hinting at lingering downside pressure even as the cross inches away from oversold territory.