EUR/GBP hits 0.8563 after extending south from 0.8643 (16-week high Tuesday)

0.8563 is lowest level since April 19 (0.8556 was low that day)

GBP supported by lower risk of BoE rate cut before August, re: Pill Tuesday

Probability of BoE June cut has halved to 32% since Pill spoke 0#BOEWATCH

HSBC expects another 8-1 BoE MPC rate hold vote on May 9 (as per March)

French President Macron calls on ECB to nuance its focus on inflation