euro-bank-notes - EUR

The pound euro exchange rate (GBP/EUR) is rising, snapping a three-day losing run.

The euro is falling after dovish comments from the Greek central bank chief, who supported two rate cuts by the summer. Most ECB policymakers are supporting the first rate cut in June.

This is in line with ECB President Christine Lagarde’s comments last week.

The pound is drifting higher, lifted by encouraging housing market statistics.

The RICS reported an improvement in the market and a rise in prices. They put this down to falling inflation and rising expectations of a BoE rate cut.