The pound euro (GBP/EUR) exchange rate is falling at the start of the week.
The euro is pushing higher after the region posted a trade surplus in August of €6.7 billion, this was significantly higher than the €54.4 billion deficit posted this time last year.
German wholesale prices fell 4.1% YoY in September, marking the sixth straight monthly decline in prices. The data highlights the weak demand environment in the eurozone’s largest economy.
The pound is falling in risk off trade as investors continue to monitor developments in the Middle East.
According to Rightmove UK house prices book the smallest rise in October since 2008.
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