The pound euro (GBP/EUR) exchange rate is rising for a sixth straight day, rising towards €1.16.
The euro is under pressure after eurozone inflation cooled by more than expected to 2.4% YoY in November from 2.9% in October. This was below forecasts of 2.7%.
The data fuels bets that the ECB could be moving closer towards cutting interest rates from the record 4% level.
The pound continues to power higher after hawkish commentary from BoE policymakers, including BoE Governor Andrew Bailey. The comments dampened rate cut expectations, lifting GBP.