The pound-euro (GBP/EUR) exchange rate is falling on Friday but is still set to rise 0.3% across the week, marking the second straight weekly increase.
The euro is falling after German inflation remained unchanged at 2.8% YoY, defying expectations of a decline to 2.7%.
Eurozone inflation is due on Monday and the ECB rate decision is due on Thursday. The central bank is expected to cut rates by 25 basis points.
The pound is falling despite hawkish comments from BoE’s David Ramsden, who warned over high wage growth of 6.2% in Q4.
However, he said he still sees core inflation cooling.