The Pound Euro exchange rate is driving higher for the second consecutive session. The pair trades at €1.1240, as it hovers around an 3-month high.
Improving footfall across British retail sites is helping the Pound remain elevated on Wednesday. Footfall jumped 6% in the week ending 29th August, thanks in part to the Chancellor’s eat out scheme.
Euro is after slumping on Tuesday as inflation decreased -0.2% month on month in July, down from a +0.4% increase. German retail sales will now provide further clues as to the health of the recovery. Forecasts are for a rebound in sales.