EURGBP firmer => weaker GBPUSD => firmer EURUSD
The GBP’s reaction in GBP (weaker) to a miss in UK CPI underscores an ultra-sensitivity to any data that shifts expectations of rate cuts.
Look at this EURGBP chart where demand for the cross is one reason why EURUSD has taken on a bid.
EURGBO 15-minute chart’
EURGBP => weaker GBPUSD => former EURUSD
I call this “Using crosses to help trade spot fx“”