The pound euro exchange rate (GBP/EUR) is falling as choppy trade continues.
The pound is falling despite UK GDP growing 0.1% MoM in August, offering a slight boost for Chancellor Rachel Reeves as she prepares November’s Budget. The IMF expects the UK to be the G7’s second-fastest-growing economy after the US, though with the highest inflation.
The euro is rising amid renewed French political stability after Prime Minister Lecornu survived two votes of no confidence.
The eurozone trade surplus narrowed to €1 billion from €3 billion a year earlier, with exports and imports falling.