euro-bank-notes - EUR

The Pound Euro exchange rate is ticking a few points lower after hitting an 18 month high in the previous session.

Sterling has firmed since July’s pandemic restrictions were eased and after last week’s more hawkish BoE meeting.

There is no high impacting UK data due today but UK Q2 GDP will be in focus tomorrow.

The Euro slid lower as deteriorating economic sentiment dragged on demand for the Euro.

German ZEW economic sentiment fell to 40.4 in August from 63.3 in July as concerns over a fourth covid wave and supply chain issues hit.

German inflation is expected to show that annual inflation rose to 3.1%, its highest level since 2009.