Forex market aspects. The pound rose 0.2 percent against the euro on Wednesday to 83.14 pence per euro, the highest level since February 2020. The next big test for GBP/EUR is 83p, a threshold that the pound has only briefly broken through since the 2016 Brexit referendum. Ignoring the political turmoil in the UK and the GBP/EUR approaching its highest level since 2016, is the market again focused on the expected BOE tightening cycle?
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