The pound euro exchange rate is falling, snapping a 5-day winning run.
The euro has steadied but could see further declines in the coming days as French PM Michel Barnier faces a vote of no confidence tomorrow.
The political uncertainty comes as the economic outlook remains weak. Yesterday’s manufacturing PMI data showed that the sector’s recession continues.
The pound is falling as after a strong winning run. The CBI retail sales data showed the weakest sales last month since April.
However, December’s Black Friday and Cyber Monday online shopping was up 7.2% compared to last year.
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