EUR/GBP holds positive ground above 0.8250 on Ukraine peace plan

• EUR/GBP trades on a stronger note near 0.8255 in Tuesday’s early European session.
• Ukraine peace plan and hotter-than-expected Eurozone HICP inflation data lift the Euro.
• The BoE is anticapted to follow a careful and gradual policy-easing approach.

The EUR/GBP cross trades in positive territory for the second consecutive days around 0.8255 during the early European session on Tuesday. The Euro (EUR) strengthens against the Pound Sterling (GBP) after the report that France and the United Kingdom (UK) have proposed a one-month truce in Ukraine.

French President Emmanuel Macron and his foreign minister said that France is proposing a partial one-month truce between Russia and Ukraine, suggesting European efforts to bolster support for Kyiv accelerate in the face of uncertain US backing.