The pound euro (GBP/EUR) exchange rate is unchanged on Wednesday.
The pound is little changed after a calm few days following the post-Budget rally, with focus shifting to next week’s Bank of England rate decision.
Recent comments from BoE policymakers have highlighted divisions on the MPC: Deputy Governor Claire Lombardelli warned of upside inflation risks. At the same time, Dave Ramsden maintained confidence that inflation would fall in line with expectations.
The euro is steady after firmer ECB rhetoric, with officials downplaying the need for further rate cuts.
In France, political risk eased as the Social Security budget passed narrowly, though uncertainty remains over the wider state budget.