The pound euro (GBP/EUR) exchange rate is falling after gains last week.
The euro is rising after an upward revision to the manufacturing PMI to 45.8, showing that the sector contracted at a slightly slower rate.
Meanwhile, input price and cost inflation rose, highlighting the challenges the ECB faces.
The data comes after CPI data showed inflation eased to 2.2% YoY in August from 2.6%. in July.
The pound is falling despite UK manufacturing activity expanding at a 26 month high in August. The manufacturing PMI was 52.5, in line with July. However, input prices eased.
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