Despite poor data, a Bank of England interest rate cut and a poorly received budget, pound sterling is rising against the euro.
"GBP is losing its rate support," says Société Générale's chief FX analyst Kit Juckes.
The UK economy looks to have firmed after the budget.
Pound Sterling was unable to build a meaningful recovery, and risks are tilted lower this week, in which the Bank of England (BoE) dominates.
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