The pound euro exchange rate (GBP/EUR) is falling to €1.17, but is still on track to gain across the week.
The pound is falling as risk sentiment sours. Concerns are rising that Iran could directly attack Israel, escalating the war in the Middle East.
The fall comes despite UK GDP rising 0.1%MoM in February, up from 0.2%.
Next week UK inflation and jobs data will be released.
The euro is under pressure this week after the ECB left rates unchanged and signaled to a June rate cut.
German inflation cooled to 2.2% YoY in March down from 2.5%.
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