ING analyst Chris Turner said sterling's recent gains versus the euro could extend as markets price a possible Bank of England rate rise at the next meeting. He said much of the move reflects concern over French sovereign debt, but a November BoE hike would begin to underpin sterling. With Bank of England governor Bailey and deputy Lombardelli due to speak Thursday evening, Turner warned any signal they are prepared to "cross this red line" and vote for a hike could push EUR/GBP lower today.