Euro trims gains against British Pound ahead of BoE decision

The EUR/GBP pair edged lower in early European trading on Thursday, retreating from overnight highs around 0.8650. The British Pound held steady against the Euro following the release of UK employment figures, which showed a mixed picture.

All attention now turns to the Bank of England’s interest rate decision due later in the session. Markets are pricing in a potential rate hold or cut, and the outcome could drive the next directional move in the cross.

No fresh euro-area data is scheduled for today, leaving the pair sensitive to BoE guidance and broader risk sentiment.