➡️ The British pound is not the main beneficiary of diplomatic optimism. Thus, the EURGBP cross should benefit from encouraging development from a possible de-escalation of the conflict in Ukraine.
Given the euro's higher exposure to the situation in Ukraine, encouraging news about the de-escalation is a positive factor for EURGBP.
Technically, the pair is in the range of 0.83700 - 0.84210. In the near future, the pair is likely to come back to support this balance and then aim at its upper border. It is quite logical to expect the price to be higher than this upper limit.