The pound – euro (GBP/EUR) exchange rate is falling towards €1.19, and is set to drop 1.7% this week.
The euro is rising after the ECB cut rates by 25 basis points as expected but signaled that its easing stance could be nearing an end.
ECB President Christine Lagarde hinted towards the uncertainty surrounding a possible trade war as a reason to pause.
Eurozone Q4 GDP data is expected to confirm the earlier reading of 0.1%.
The pound is falling after UK house prices fell 0.1% MoM in February. The data comes after UK construction data yesterday showed that house building slowed and plunged to its lowest level since the pandemic.
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