The pound euro (GBP/EUR) exchange rate is falling for a second straight day.
The euro is gaining after French and Spanish inflation was hotter than expected as rising energy prices offset falling food prices.
The data supports the ECB’s view that they are in no rush to start cutting rates.
German inflation data is due later and is expected to cool to 2.6% YoY from 2.9%.
The pound is struggling amid a lack of fresh catalysts.
UK house prices are expected to be flat this year and rise 3% next year.
Clare Lombardelli, the chief economist at the OECD, has been named as the next BoE deputy governor.
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