The pound-euro (GBP/EUR) exchange rate is rising for a second day, reaching €1.19.
The euro is falling despite consumer confidence improving by more than expected. The brightening of morale came the same month that the ECB cut rates by 25 basis points.
The data comes after ECB policymaker De Guindos said inflation was cooling as expected and that he saw signs of wage growth slowing.
The pound is rising amid a lack of fresh data or catalysts. The pound has outperformed its major peers so far this year as the BoE has pushed back rate cuts due to sticky services inflation.
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