GBP/EUR: Pound Hit Almost 2 Year High As Parliament Rejects No Deal

The pound euro (GBP/EUR) exchange rate is falling after seven days of gains.

The pound is coming under pressure after UK GDP rose just 0.2% MoM in August, up from -0.6% contraction in July.

The lackluster growth supports the view that the BoE could leave interest rates unchanged at 5.25%.

The euro is heading higher ahead of the release of ECB minutes of the September meeting, where the central bank hinted that would be the end of the hiking cycle.

Investors will scrutinize the minutes for deviation from the expectations that rates will remain at this level.