EUR/GBP trades near the 0.8560s zone, having drifted steadily lower from near the 0.8585 area after failing to hold its push higher. The cross is down 0.15% in Thursday’s American session with traders squaring up ahead of a data-heavy Friday.
The wider backdrop stays tense after United States (US) President Donald Trump announced what he billed as the “most crushing economic operation ever” against Iran, warning of consequences for any country providing Tehran a financial lifeline. The read-through to a Euro-Sterling cross is limited; however, both currencies sit on the same side of any energy shock, so the story reads more as an Oil and…
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