The pound euro (GBP/EUR) exchange rate has risen over €1.1650 as it extends its rally for a third day.
The euro has struggled since the release of weaker than expected inflation data earlier in the week which has raised bets that the ECB could slow the pace of hikes.
Eurozone PPI inflation is due and is expected to show a slowdown to 31.5% from 41.9%.
The pound is rising, boosted by the prospect of a more hawkish BoE compared to the ECB or the Federal Reserve as inflation remains stubbornly high.
There is no UK data due today. Service sector PMI data is due on Monday.
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