• EUR/GBP eyes 0.8574 after extending north from 0.8509 (Friday's low)

• 0.8574 was two-month high on June 23. 0.8600 is a resistance level beyond

• Ascent towards 0.8574 influenced by bigger than expected UK Q1 C/A deficit

• Investors flock to Europe. CFTC data: net EUR long up for six weeks in a row

• CFTC data showed net GBP long fell by a third in the fortnight ended June 24

• Pound could slip if UK PM Starmer can't get a grip (key UK vote on July 1)

EURGBP

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