• Euro upside unwinds vs GBP following dovish ECB rate hike

• ECB signals end to hiking cycle, focus turns to duration

• Although, yield spreads have moved in favour of EUR/GBP upside

• That said, a higher BoE peak vs ECB should limit rallies

• Resistance at 0.8612 (100DMA) continues to cap for now

• Meanwhile, support at 0.8582 (55DMA) contains downside

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