Chart - Courtesy Trading View
EUR/GBP was trading 1.36% higher on the day at 0.8514 at around 12:10 GMT.
The British pound came under selling pressure after the BoE announced its policy decision.
UK central bank raised interest rates by 25 bps at the end of its May policy meeting earlier on Thursday as widely expected.
The MPC voted unanimously to hike rates for the fourth straight meeting, with three members voting to raise rates by 50 bps.
The monetary policy statement that followed suggested that some degree of further tightening may still be appropriate in the coming months.
The BoE now forecasts the UK economy contracting by 0.25% in 2023, a key factor that weighed on the British pound.
EUR/GBP spikes past 200-DMA , breaks above -week EMA and is on track to test 110-week EMA at 0.8591.
