The pound euro (GBP/EUR) exchange rate is pushing for a fourth consecutive day.

The euro fell yesterday despite stronger than forecast German IFO business climate data which rose to 93 up from 91.1 as energy prices continue to fall and businesses are not yet feeling the full hit of rate hikes.

There is no high impacting Eurozone data due to be released. ECB President Christine Lagarde is due to speak.

The pound is rising as the market mood continues to improve and banking worries ease. British retailers are more optimistic about the outlook.

Boe Governor Andrew Bailey is due to speak again today.