The pound euro (GBP/EUR) exchange rate is climbing for a 3rd day.
Stronger than expected UK GDP data lifts the pound. UK GDP rose 0.3% MoM in January, up from -0.5% in December and ahead of the 0.1% forecast.
The data could help ease recession fears ahead of the BoE meeting in a few weeks.
The euro is falling despite an upwards revision to German inflation which rose 1% MoM in February, up from 0.8%. Spanish retail sales & French trade data were also encouraging.
ECB President Christine Lagarde is due to speak later and her comments will be closely watched ahead of the ECB meeting next week.
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