Jan 19, 2021 19:42 GMTFXStreet News EUR/GBP has nudged a little higher on Tuesday, with focus more on US fundamentals. The pair swung either side of 0.8900 as bears continue to eye key support to the downside in the 0.8850s. EUR/GBP has nudged a little higher on Tuesday, with focus more on US fundamentals (US Treasury Secretary nominee Janet Yellen’s testimony to Congress stole the limelight) as opposed to European fundamental themes. The pair has swung either side of the 0.8900 mark, with the bears still eyeing a test of key support to the downside in the 0.8850s. Eurozone Update Aiding the EUR are reports suggesting that Italian PM Giuseppe Conte is getting close to securing a majority in the Senate ahead of a confidence vote on his government. He needs to secure 161 votes in order to guarantee a majority and is currently reported to have around 156/157 votes, but this might be enough if the Viva Italia Party’s 18 members (who triggered the crisis that the government currently faces by pulling out of the coalition over disagreements on how the spend the EU Recovery Fund money) abstain. The latest reports suggest they will. At the very least, an election seems unlikely at this point, with a majority of Italian political parties preferring not to hold an election in the midst of the pandemic and before EU rescue funding is allocated.