The EUR/GBP pair has dropped to its lowest levels of the year following the release of UK Retail Sales data and the European Central Bank (ECB) meeting. The decline in the exchange rate was influenced by the positive retail sales figures from the UK, which boosted the British pound against the euro. Additionally, the recent ECB meeting also contributed to the weakening of the euro, as the central bank’s decision to maintain its current monetary policy stance did not provide any support for the currency. As a result, the EUR/GBP pair has reached year-to-date lows, reflecting the market’s sentiment towards the two currencies.