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• Euro dips after ECB rate hold, with EUR/GBP down to 0.8347

• 0.8347 is new 18-month low (0.8355 was low before ECB rate hold)

• Bids likely around 0.8333 and 0.8300, including corporate interest

• 0.8333 equates to GBP/EUR 1.20. Cross last at 0.8300 in March 2025

• News briefing from outgoing ECB chief Lagarde starts at 1345 GMT

• BoE rate decision next week (Nov 5); 25 bps hike to 4% expected

EURGBP

(Robert Howard is a Reuters market analyst. The views expressed are his own)