The pound euro (GBP/EUR) exchange rate is falling for a second day.
The pound is falling further after yesterday’s weaker-than-expected UK inflation data, which has seen the market bring forward rate cut bets.
UK government net borrowing rose by more than expected, which could limit the government’s election giveaways.
The euro is rising after French business confidence rose to 100, up from 99 and better than the 98 forecast.
Yesterday, German consumer confidence was also better than expected.
Attention is now on ECB chief economist Philip Lane who is due to speak.
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