gbp-british-pound-coins - GBP

The pound euro exchange rate is grinding higher for a third straight day and holds over €1.14.

The pound is edging northwards after reports that the government will announce a support package for businesses. This comes after Liz Truss’ huge energy support package for households.

The BoE interest rate decision is due tomorrow.

The euro fell yesterday as German wholesale inflation hit a record 45.3% YoY in August up from 37.2% YoY.

Today the eurozone economic calendar is light. The euro will be watching a speech from Putin and the Fed rate decision closely.