The Pound Euro (GBP/EUR) exchange rate is falling after three straight days of losses.
The Euro extended gains in the previous session as Russia and Ukraine adopted a slightly softer tone, lifting optimism of a diplomatic solution. These hopes are fading ahead of the third round of peace talks today.
The ECB will announce its interest rate decision, no change in policy is expected, although the ECB could halt its hawkish transition.
The Pound is trading at the will of market sentiment amid a light UK economic calendar.
Household confidence is falling as inflation squeezes household incomes.
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