The pound-euro (GBP/EUR) exchange rate is rising for a third consecutive day, reaching €1.1525.
The euro is falling amid political instability in France and after weak German data.
France faces uncertainty as Macron tasks Lecornu with final negotiations to present a 2026 budget by the October 13 deadline.
German industrial production slumped 4.3% MoM in August, the steepest drop in over three years. The pound is rising against the euro, though upside remains capped ahead of the UK’s upcoming budget.
BoE’s Chief Economist Huw Pill urged a cautious approach to further cutting rates.
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