EUR/GBP Rises on Hawkish ECB Comments, Mixed UK Data

EUR/GBP traded around 0.8485 on Thursday, gaining 0.24% on the session. The move came as investors balanced hawkish signals from European Central Bank officials against a mixed set of UK economic releases.

ECB policymakers struck a firm tone on inflation, reinforcing expectations that interest rates will remain elevated for longer. This supported the euro across the board.

Meanwhile, UK data offered a conflicting picture, leaving the pound under some pressure. The pair’s direction remains tied to central bank rhetoric and upcoming economic reports.