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EUR/GBP is trading at around 0.8331 at the time of writing, a modest decline of 0.05% on the day that leaves the pair close to levels last recorded in April 2025. The British Pound (GBP) lacks a clear direction against the Euro (EUR) on Thursday, with the Bank of England’s (BoE) interest rate increase prompting little market response as it had already been priced in. An 8-1 vote by the Monetary Policy Committee (MPC) on Thursday saw the BoE lift its benchmark interest rate by 25 basis points (bps) to 4.00%. Catherine Mann, an external MPC member, preferred a larger rise of 50 bps to 4.25%.
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