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Sweden Trade Balance (MoM) fell from previous 6.6B to 3.9B in May

EUR/GBP loses ground below 0.8550 ahead of BoE’s Bailey speech

The EUR/GBP cross loses traction to near 0.8525 during the early European session on Thursday, pressured by a stronger Pound Sterling (GBP) broadly. Traders will closely monitor the Bank of England’s (BoE) Governor Andrew Bailey speech later on Thursday.
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GBP/JPY Price Forecast: Keeps bullish vibe, first upside target emerges near 198.50

The GBP/JPY cross attracts some sellers to near 197.85 during the early European session on Thursday. The Pound Sterling (GBP) softens against the Japanese Yen (JPY) amid the dovish remarks from the Bank of England (BoE).
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