The Pound Euro (GBP/EUR) exchange rate is rising, paring some of yesterday’s losses.
The euro rose yesterday even though investor sentiment fell to its lowest level in almost two years.
Today German ZEW economic sentiment data will be in focus and is expected to show a deterioration.
The pound fell yesterday in a risk-off session across the markets. Fears of stagflation and recession sent sterling lower.
Today the pound is rising despite BRC retail sales data showing that sales fell 0.3% YoY as shoppers rein in spending.
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