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GBP: EUR/GBP is still clinging to the 0.8540 support level.

The virus’s patterns tend to be somewhat different on both sides of the English Channel, and as long as this is the case, EUR/GBP should remain under pressure. Despite concerns of a virus outbreak in the UK, the government’s reopening plans are on track, and the focus is now on tightening border controls. However, while the speed of French Covid-19 vaccinations appears to be improving, the EUR/GBP looks biased to the 0.8470/8500 region before case numbers in northern Europe reverse – and an easing, not tightening, of restrictions, can be considered.