The pound euro (GBP/EUR) exchange rate is rising for a third day on Tuesday, holding above €1.1850.
The euro fell yesterday as energy security concerns weighed on demand for the common currency. Nord Stream 1 pipeline was switch off for annual repairs by worries are growing that Russia may not switch the gas supply back on.
German ZEW economic sentiment is expected to fall to -38 in July, down from -28.
The pound is rising as the Conservative leadership battle continues and as candidates support tax cuts to boost the economy.
BRC sales fell 1% in June YoY, after falling 1.1% in May as inflation changes consumers habits.