The pound euro (GBP/EUR) exchange rate is falling after modest gains last week.
The pound is under pressure as investors await key UK data, including inflation, retail sales, and government borrowing figures.
Rightmove data showed UK house prices rose just 0.3% in October, well below the seasonal average of 1.1%, reflecting uncertainty ahead of Chancellor Reeves’ late November budget.
The EUR is rising, supported by signs of political stability in France, though sentiment is capped after S&P Global downgraded France’s credit rating to A+ from AA-.
The move highlights fragile political and fiscal conditions despite Prime Minister Lecornu surviving recent no-confidence votes.
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