The pound-euro (GBP/EUR) exchange rate is falling, extending last week’s losses.
The euro is rising further, supported by stronger-than-expected Sentix investor sentiment, which jumped to -2.9 from -12.7.
Germany was a notable outperformer as sentiment surged following increased expectations for defence and infrastructure spending.
The EUR trades at a 4-month high against the USD and a monthly high against GBP.
The pound is falling amid more signs of the UK labour market slowing. Data from the Recruitment and Employment Confederation showed that starting salary pay growth was the weakest since February 2021.