The pound-euro (GBP/EUR) exchange rate has fallen for a second day, dipping below €1.21.
The euro is rising, benefitting from a selloff in the USD after Trump applied trade tariffs to Mexico, Canada and China. The move has raised concerns over the US economic outlook, prompting investors to sell out of the dollar.
The euro benefits despite worries that Trump could apply trade tariffs to Europe next.
The pound is under pressure against the EUR but rising against the USD.
UK grocery inflation remained unchanged at 3.3% as shoppers took advantage of promotions.
Supermarkets have warned that grocery inflation will likely rise owing to rising staffing costs following the Budget in October.