EUR/GBP Eases Back from Resistance at 0.8575 Amid Bullish Bias

The EUR/GBP exchange rate has eased back from resistance at 0.8575 but remains in a bullish trend, according to FXStreet.

Bulls are targeting the 0.8575 and 0.8600 areas, with the Relative Strength Index (14) around 64 and the Moving Average Convergence Divergence (MACD) histogram at slightly positive levels.

Rabobank's FX strategists warn that the Pound could come under pressure as markets reassess the UK policy outlook, citing a potential lack of rate rises from the Bank of England this year.