• EUR/GBP eyes 0.8361 (this week's 17-month low) as Lagarde exit news digested

• European Central Bank chief Lagarde will step down from her role on Feb 7

• ECB rate hold expected at 1315 GMT; Lagarde briefing starts at 1345 GMT

• Euro could weaken if Lagarde is relatively dovish; 0.8333 is EUR/GBP bear target

• 0.8333 = GBP/EUR 1.20. UK will reduce "unsustainable" welfare costs, Healey says

• UK lenders approve fewest mortgages since 2023 as borrowing costs rise

EURGBP

(Robert Howard is a Reuters market analyst. The views expressed are his own)