EUR/GBP edging s little lower after ECB rate cut

Overall the reactions to the US data and ECB policy shift have by and large been met with pretty muted reactions across the FX markets. Just now the Feds Williams has been speaking and he has endorsed the comments made by Powell yesterday evening, in as much as he also sees no need to adjust US monetary policy, much to the likely chagrin of the US President. The dollar initially tried to rise on those comments, but overall the market seems to have now absorbed them. Meanwhile, turning to the EUR/GBP after the ECB rate cut, that has edged a little lower, as perhaps one might expect. That said it is hardly falling back with any pace so far. The only truism so say about this; it has helped to underpin the Pound versus the Euro. The EUR/GBP is right now at 0.8578