It is the outlet of your pressure relief valve (PRV), which means either the PRV is simply leaking, or is coming under excess pressure. If excess pressure, it could mean your expansion vessel (EV) needs its air topping up, or that it has failed.
Your EV might be in your boiler, or if you are lucky, mounted externally. Add some photos of the boiler and other parts, then you can receive more help.
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