The pound euro (GBP/EUR) exchange rate is falling after 8 days of gains.
The pound is slipping after industry data showed the UK grocery inflation eased to 3.3% in January, down from 3.7% last month.
The data comes after UK inflation cooled by more than expected in December, and the BoE is expected to cut rates on Thursday.
The EUR is rising as Trump pauses tariffs on Canada and Mexico, easing global trade tensions. Still, gains in the EUR could be limited as Trump wanted at the weekend that the EU would be next for trade tariffs.
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