The pound euro (GBP/EUR) exchange rate falls towards €1.1950 amid EUR strength.
The euro is rising on Ukraine optimism after President Trump had a 90-minute call with Russian President Putin. The two agreed to work closely to end the war and that peace talks will start immediately.
German inflation and eurozone industrial production data is due tomorrow.
The pound is struggling amid an uncertain outlook for rates. BoE hawk-turned-dove Catherine Mann noted a weak demand outlook.
UK Q4 GDP data is due tomorrow and is expected to contract -0.1%. Weak growth could pull GBP lower.
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