The pound euro (GBP/EUR) is falling for a second day, dropping to €1.15.
The euro is gaining against both the pound and the dollar after the EU and India announced a landmark free trade deal.
The deal comes after 2 decades of talks and aims to deepen ties amid tensions with the US.
Sterling is falling versus the EUR but remains strong against the US dollar, hovering near a six-month high around 1.38.
Losses versus the euro may be limited after UK shop prices rose at their fastest pace in almost two years, highlighting sticky inflation and reinforcing expectations that the Bank of England can remain patient on rate cuts.
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