The pound euro (GBP/EUR) exchange rate is rising after three days of losses.
The euro had been boosted by hawkish comments from ECB President Christine Lagarde. Speaking in Sintra Portgual she warned over persistently high inflation.
Attention now turns to German inflation data, which is expected to rise to 6.3% YoY in June, up from 6.1% in May.
The pound is being lifted by a hawkish BoE Governor Andrew Bailey who hinted that interest rates would likely to stay high for longer.
There ids no high impacting UK economic data due today.