The pound euro (GBP/EUR) exchange rate is falling after small losses last week.
The euro is inching higher after data showed that the German economy contracted by less than expected in Q3. GDP was -0.1% QoQ, down from 0.1% in Q2 and up from the -0.3% contraction forecast.
German inflation data is due shortly and is expected to show that CPI eased to 4% YoY in September, down from 4.5%.
The pound is falling amid more signs of the economy faltering. UK net mortgage approvals fell to 43,300 from 45,400 due to high interest rates.
The UK jobs market is also showing signs of cooling as Adzuna revealed that job adverts fell by 1.6% from September to August.
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