EUR/GBP remains subdued around 0.8500 due to US-UK trade deal hopes, BoE decision in focus

  • EUR/GBP is extending losses for the fourth consecutive session, trading near 0.8500 in early European hours on Thursday. However, the currency cross is coming under pressure as the Pound Sterling (GBP) strengthens on speculation that the Trump administration may soon announce a trade agreement with the United Kingdom.