UK CBI orders actual -45, matching previous month but beating forecast of -40.

Eurozone construction output rose 0.4% month-on-month in May, down from a revised 0.1% increase in the previous month.

Citi predicts EUR/GBP will drop below 0.86 based on a technical break.

After BoE held rates at 3.75% with a 7-2 vote and cautious tightening guidance, GBP/USD fell to 1.3208, a ten-week low.

EUR/GBP rose from 0.8663 to 0.8673 after BOE rate decision, hitting a three-week high.

A KOL analyst notes patience on a trade, waiting for a pair to break above 1.6400/1.6500 before looking for a long-term turn in crosses.

UK core retail sales rose 1.1% month-on-month in the latest period, beating the forecast of -0.5% decline.

UK June core CPI came in at 2.6% year-on-year, matching the previous reading and above the 2.5% estimate.

UK June CPI rose 0.1% month-on-month and 2.6% year-on-year, below estimates; core CPI year-on-year was 2.6%, above the estimate; services inflation eased to 3.6% year-on-year.

UK June core CPI month-on-month actual came in at 0.3%, matching the previous 0.3%.

Euro weakened against the Pound after upbeat UK employment data was released.

Italy's June final HICP month-on-month was 0%, below the 0.1% forecast and previous 0.1%.

EURGBP dropped to its lowest level in a year, approaching support at the 61.8% Fibonacci retracement of the 2024 advance at 0.8470.

The OBR predicts the UK will need significant fiscal tightening to avoid a debt spiral.

Bank of England keeps rates at 3.75% as expected, 7-2 vote, two dissenters wanted a 25bp hike; CPI forecast trimmed; GBP edges lower.

Citi analysis notes divergence between EUR/GBP currency flows and fundamentals amid gilt-market buying activity.