The pound euro (GBP/EUR) is rising for a fourth straight day.
The pound is rising after data showed the UK economy expanded by more than expected in Q2. UK Q2 GDP was 0.3% QoQ in the April to June period, down from 0.7% in Q1 but ahead of the 0.1% forecast.
The data support the view that the BoE could slow the pace of rate cuts. The market is pricing in a 40% probability of another rate cut in November.
The EUR is falling after economic growth slowed in the region to 0.1% QoQ in Q2, down from 0.6% in Q1.
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