The pound euro (GBP/EUR) exchange rate is falling after 3-days of gains.
The pound is falling after the BoE left rates unchanged at 4.75%, but the vote split was more dovish than expected, at 6-3, against the 8-1 forecast.
Policymakers are concerned about strong wage growth keeping inflation sticky. They are also concerned about stalling growth, projecting 0% GDP in Q4.
The euro is rising despite the ECB guiding for further rate cuts in the coming year.
The ECB cut rates last week and is expected to do so at a faster pace than the BoE in 2025.
German PPI data is due tomorrow and is expected to rise 0.3% MoM.