The pound euro (GBP/EUR) exchange rate is falling after six days of gains.
The pound is falling, but losses could be limited amid a more cautious stance from some BoE policymakers.
BoE’s Catherine Mann said she voted to leave rates unchanged last week because of resilience in the UK labour market.
The BoE voted to cut rates by 25 bps to 4.25%, but the vote split was more hawkish than expected.
The EUR is rising, but gains could be limited given the ECB is expected to cut rates again.
German inflation eased to 2.2% and ECB policymaker Villeroy de Galhau said he sees another rate cut before the summer.