The Pound Euro (GBP/EUR) exchange rate is edging higher snapping a three day losing run.

The Pound fell in the previous session after manufacturing PMI fell to 60/3 in August, down from 60.4 in July, its lowest level in 5 months.

News that the UK will deliver COVID booster shots to the most vulnerable is helping to lift the Pound.

The Euro rallied yesterday thanks to a weaker US Dollar, which helped the common currency shrug off weaker than expected German retail sales and a downgrade t the manufacturing PMI.

Eurozone producer price index will be in focus today. Expectations are for 1.1% increase.