The pound euro (GBP/EUR) exchange rate is heading lower for a fifth day.
The pound is falling after UK services PMI was downwardly revised to 53.1 in March from 53.8 in February, marking a 4-month low.
Services businesses raised prices at the slowest pace in 6 months, which supports the view that services inflation is cooling.
The euro is rising, as the services PMI was upwardly revised to 51.5 from 50.2 in February, suggesting that the sector is gaining momentum.
Attention now turns to the ECB minutes to the March meeting which will be released shortly.
The ECB left rates unchanged in the meeting but signaled that June could be the start of rate cuts.
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