The Pound Euro exchange rate (GBP/EUR) is trading +0.2% as it looks to target €1.09, after 4 sessions in the red.

The Pound is pushing higher, recovering losses from Prime Minister Boris Johnson applying tighter restrictions on England in order to bring rising covid cases under control.

UK PMI data from both the service sector and the manufacturing sector is in focus. Both sectors are expected to show expansion in September but at a slower rate.

Euro is under pressure amid rising covid cases. German manufacturing PMI and the Eurozone as a whole are expected to increase, indicating the bloc’s economy is on the road to recovery.

GBP Index Today - last 180 days