The pound euro (GBP/EUR) exchange rate is falling after gains yesterday.
The pound is falling despite the UK-India trade deal and as the UK and the US continue talks. Concerns rise that the 100% trade tariff on films could hurt the UK’s thriving film industry.
The BoE is expected to cut rates tomorrow by 25 bps to 4.25%.
The euro is rising despite eurozone retail sales declining by 0.1% MoM in March, following a downward revision to February to 0.2%.
Consumption is declining as consumer sentiment falls and despite as real wages remaining elevated.
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