EUR/GBP rises to near 0.8500, dovish ECB tone caps upside

  • EUR/GBP halts its four-day losing streak, trading around 0.8490 during early European hours on Friday. However, the pair's upside may be capped as the Euro (EUR) remains under pressure amid growing expectations of further interest rate cuts by the European Central Bank (ECB), possibly as early as the June meeting.