• EUR/GBP has traded a nine pip range thus far Wednesday; 0.86465-0.86555

• 0.86555 is the highest level since June 4 (0.8656 was the high that day)

• UK CPI unexpectedly holds at 13-month low of 2.8% before BoE event risk Thursday

• BoE to keep its policy rate at 3.75%, despite Times shadow MPC voting 5-4 for hike

• UK Makerfield by-election on Thursday too; result expected Friday (by 0400 GMT)

• Streeting says he could challenge UK PM Starmer next week

EURGBP


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