The pound euro (GBP/EUR) exchange rate rose over €1.15 yesterday and is holding those gain today.
The pound rallied on optimism surrounding the new British Prime Minister Rishi Sunak, who it is hoped will be a steadying force towards the financial markets, restoring some credibility.
There is no high impacting UK data due today, all eyes will remain in Downing Street.
The euro came under pressure yesterday following the release of German IFO business sentiment data, which highlighted the struggles that businesses are facing amid high inflation and energy prices.
There is no high impacting eurozone data due to be released today.