The pound euro (GBP/EUR) exchange rate is falling, ending a three-day winning run.
The EUR is rising despite mounting geopolitical risks in the region. Worries over the prospect of Trump’s reciprocal trade tariffs could limit gains in the EUR, as could the US sidelining Europe in bilateral peace talks with Russia over Ukraine.
Eurozone PMI data is due tomorrow.
The pound is easing as investors consider recent hot inflation and wage growth data and cautious comments by BoE Governor Andrew Bailey on the economic outlook.
UK retail sales and PMI data are in focus on Friday.
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