The pound euro (GBP/EUR) exchange rate is falling after two days of gains.
The pound is under pressure after inflation eased by more than forecast to 4.7% YoY in October, from 6.7%. The weak inflation figures add to bets that the BoE has finished hiking interest rates, although rates are expected to remain at 5.25% for some time.
The first rate cut is being priced in the June next year.
The euro is edging higher despite German wholesale prices falling -0.7% MoM after rising 0.2% in September.
Eurozone trade data is is focus and is expected to narrow to €22.3 billion.
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