The currency pair climbs toward 0.8570 after UK services inflation data eases, weakening the British Pound against the Euro.
EUR/GBP advanced to near 0.8570 on Wednesday, reaching its highest level in two weeks. The move follows a decline in UK services inflation, which reduced support for the British Pound.
The pair broke out of its recent trading range, supported by a series of gains in the 4-hour chart. Prior sessions had seen limited volatility, with the cross consolidating below resistance levels.
Market focus remains on UK inflation trends, as softer data could influence Bank of England policy expectations.