After an unexpected increase in retail sales in the UK in September, the pound rose to its highest level against the euro since April 2022. EUR/GBP fell 0.3% to 0.8295, continuing the decline after the ECB meeting. The exchange rate has fallen 0.8% this week, which is expected to be the biggest weekly decline since December 2023.

After an unexpected increase in retail sales in the UK in September, the pound rose to its highest level against the euro since April 2022. EUR/GBP fell 0.3% to 0.8295, continuing the decline after the ECB meeting. The exchange rate has fallen 0.8% this week, which is expected to be the biggest weekly decline since December 2023.