gbp-british-pound-coins - GBP

The Pound Euro (GBP/EUR) exchange rate is edging a few points lower.

The Euro slipped despite an upward revision to composite PMI data. However, PPI wholesale inflation rose at a slower pace in August, up 1.1%, after rising by 2.5% in July.

Today German factory orders and Eurozone retail sales will be under the spotlight.

The Pound was lifted on Tuesday by an upward revision to the service sector PMI and also by surging input cost inflation which business are passing forward to customers. This raises the likelihood of the BoE raising interest rates sooner.

There is no high impacting UK data due today.