The pound euro (GBP/EUR) exchange rate falls for a fourth straight session, dropping to the lowest level since May.
The euro is rising despite GDP unexpectedly contracting in Q3 to -0.1% from 0.1% growth in Q2, raising concerns of a recession in the second half of the year.
Inflation also cooled by more than expected to 2.9% YoY in October from 4.3% in September. Core inflation cooled to 4.2%.
The pound is falling after data from the British Retail Consortium cooled to its lowest level since August 2022 and food inflation eased to 8.8% from 9.9%.
The data could encourage the BoE to keep interest rates unchanged at 5.25% when they meet on Thursday.