The Pound Euro (GBP/EUR) exchange rate is advancing after two days of declines.
The Pound traded under pressure in the previous session as Brexit concerns lingered and as investors look cautiously ahead to tomorrow’s BoE monetary policy meeting.
Before that, today UK service sector PMI data will be in focus and is expected to have strengthened in October.
The Euro pushed higher on Tuesday despite manufacturing PMI s in both the Eurozone and German being downwardly revised last month. Data is starting to reflect supply chain disruptions.
Eurozone unemployment and a speech by ECB President Christine Lagarde will be in focus,