The pound-euro (GBP/EUR) exchange rate has fallen to a fresh five-week low, dropping for a seventh straight session to €1.1850.
The euro continued to rise following last week’s announcement of fiscal reform from Germany’s soon-to-be Chancellor Friedrich Merz.
The Greens, who threatened to block the reform, indicated they may be open to negotiation.
The pound is falling versus the EUR but rising against the USD.
BRC retail sales showed sales slowed to 1.1% in February, down from 2.6% in January. While food sales were solid, demand for spring fashion was weak, owing to wintery weather.
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