The pound euro (GBP/EUR) exchange rate is falling for a third straight day.
The pound is falling in a risk-off market mood & despite stronger consumer spending. British consumers spent 1% more in August amid a warmer summer. Improving real wages and lower inflation means consumers may do more to support the economy in H2.
The euro is rising without any fresh fundamental data for investors to digest.
Any gains in the EUR could be limited as the ECB is expected to cut rates next week.
Inflation in the region cooled to 2.2% YoY, from 2.6% in July.
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