The pound euro (GBP/EUR) exchange rate is rising for a second straight day.
The pound is rising after mixed UK labour market data, which showed that unemployment lowered to 4.1% from 4.2%.
Meanwhile, wage growth, including bonuses, eased to 4%, easing price pressures. The BoE is expected to cut rates in November.
The euro is falling after German inflation cooled to 1.9% YoY in August, confirming the preliminary reading.
The data comes ahead of the ECB meeting on Thursday, where the central bank is expected to cut interest rates by 25 basis points.
