The Pound Euro (GBP/EUR) exchange rate is rising for a sixth straight day and trades at a three week high, over €1.20.
Strong UK PMI data, as the service sector recovered from Omicron more rapidly than expected lifted the Pound, in addition to the government announcing the end of COVID restrictions from Thursday.
Today UK public sector net borrowing is in focus.
The euro came under pressure as Russia, Ukraine tensions rose and despite encouraging PMIs.
Putin has ordered his forces into separatist regions of Ukraine. The West is preparing sanctions, pulling the euro lower.
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