The pound-euro (GBP/EUR) exchange rate is falling for a second straight day, to €1.1475.
The pound is falling after UK manufacturers reported the weakest order outlook since 2020. The CBI’s order book index fell to -38 in October from -27, with domestic and export orders declining sharply.
The euro is strengthening as eurozone consumer confidence improved, rising to -14.2 from -14.9.
Attention is turning to the Eurozone PMI data, which is expected to show modest growth of 51, down from 51.2 in September. The ECB is expected to keep rates steady as inflation nears its 2% target.
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