EUR/GBP trades in the red below 0.8600 mark ahead of ECB rate decision

  • The EUR/GBP cross struggles to capitalize on the previous day's goodish rebound from the 0.8525-0.8520 area or a fresh weekly low and attracts some intraday sellers on Thursday. Spot prices remain depressed below the 0.8600 mark through the first half of the European session, though the downside remains cushioned as traders opt to wait on the sidelines ahead of the key central bank event risk.