The Pound Euro (GBP/EUR) exchange rate eased from a 3-month high last week, as UK inflation eased by more than forecast. Investors worried that the Bank of England (BoE) would consequently enact a dovish pivot. At the time of writing, GBP/EUR is trading at €1.1535, having dropped by over 0.8% last week. Pound (GBP) Exchange Rates' Tailwinds Reversed by Weak Inflation Data The Pound (GBP) was left to sink last week following Wednesday’s disappointing inflation data, given a lack of additional significant trading stimuli. Sterling was directionless against the majority of its peers on Monday, although a risk-off mood ... (full story)