EUR/GBP rises above 0.8400, recovers ground due to strong Euro performance

  • EUR/GBP is rebounding from recent losses, trading near 0.8420 during Friday's Asian session. The currency cross is supported by a stronger Euro (EUR), which is outperforming its risk-sensitive peers despite signals from European Central Bank (ECB) officials suggesting scope for further interest rate cuts due to easing inflationary pressures.