The Pound Euro (GBP/EUR) exchange rate is extending gains for a second day on Thursday.
The Pound was boosted in the previous session by BoE Andy Haldane’s comments surrounding inflation, which he sees rising to 4% by then end of the year.
BoE Governor Andrew Bailey is due to speak later today.
The Euro trades under pressure amid a stronger US Dollar and as Eurozone CPI inflation declined for the first time in 9 months. Eurozone CPI slipped to 1.9% in June down from 2% in May.
Attention will now turn to German retail sales which are expected to rebound firmly to 5.5% in May as German re-opened its economy.
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