A look at a 4-hour chart of the EUR/GBP confirms that the GBP is just a weak currency right now.
As a matter of fact, there is another trading opportunity setting up for those who like to use the MACD to signal their entries. The daily trend is up and we have bounced off of support. When the MACD crosses over, that would be the signal to buy. Protective sell stops should be placed below the recent low with a target to take profits set as twice the risk. If you risk 125 pips on the trade, look for at least 250 pips in profit to maintain the 1:2 risk:reward ratio.