The pound-euro exchange (GBP/EUR) is falling below €1.19.
The pound is falling after UK grocery inflation cooled to 1.6%, its lowest level in 3-years. Meanwhile, footfall rose at the fastest pace this year thanks in part to the Euro 2024 football tournament.
The data comes ahead of UK inflation data tomorrow and labour market figures on Thursday.
The euro is rising despite weaker German ZEW economic sentiment data, which fell to 41.8 from 47.5 raising concerns of an economic slowdown.
The ECB will announce its rate decision on Thursday and is expected to leave rates unchanged at 3.75%
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