The pound euro (GBP/EUR) exchange rate is rising, adding to yesterday’s gains.
The pound is gaining after the BoE cut rates by 25 basis points, in line with forecasts to 4.75%.
However, BoE Governor Andrew Bailey also warned that inflation could rise given Labour’s Budget spending plans.
The markets see just a 15% chance of a December rate cut and less easing next year.
The euro is falling after mixed data. German industrial production fell by more than forecast, down -2.5%, below the -1% forecast.
Eurozone retail sales were stronger than expected at 0.5% MoM, up from 0.2% in August, marking the third straight weekly rise.