• EUR/GBP remains anchored to 0.84 as pullback looks to have run its course

• Wednesday's UK CPI is a potential needle mover for GBP

• One-time effects, hawkish BoE pricing suggests GBP risks are asymmetrical

• Thus a soft print is likely to matter more than a hot release

• For EUR/GBP, this opens the door for a rebound towards 0.8500

• Support = 0.8388/0.8400 (200DMA). Resistance = 0.8450/73 and 0.8500
EURGBP daily chart

(Justin McQueen is a Reuters market analyst. The views expressed are his own.)