FXStreet notes that the UK virus concerns and a bounce in the EUR recently brought EUR/GBP to the highest level since early March. Despite this recent increase in EUR/GBP, economists at Danske Bank remain bullish on GBP, as they continue to be more positive on the UK compared to EU.

“EUR/GBP has increased close to 0.87 since our last update after it briefly went below 0.85. We think this is a bump in the road and remain bullish on GBP, as we are still more upbeat on the UK than on the euro area.”

“We still forecast EUR/GBP will trade at 0.83 in 12M.”