EUR/GBP sits near one-month peak, comfortably above mid-0.8400s amid rising BoE rate cut bets

  • The EUR/GBP cross touched a one-month high, around the 0.8465-0.8470 region during the Asian session on Wednesday, though it lacks follow-through buying. The fundamental backdrop, however, suggests that the path of least resistance for spot prices is to the upside.