EUR/GBP Drops Near 0.8350 as BoE Hike Expectations Rise and ECB Holds Rates

English summary

During Friday's European session, EUR/GBP continued to weaken, trading near 0.8345-0.8350. The ECB held rates steady signaling caution, while the UK Autumn Budget was well-received and expectations for a BoE rate hike in November rose, supporting GBP. The short-term bearish trend for EUR/GBP remains unchanged, with 0.8325 as a key support level.