The pound euro (GBP/EUR) exchange rate is rising for a fourth session, moving towards €1.1650.
The pound is rising as attention turns to UK jobs data which showed that average earnings jumped 8.2% in the three months to June, well ahead of the 7.2% forecast. Meanwhile unemployment rose to 4.2%.
The data will unnerve policy makers who are battling to control high inflation.
The euro fell yesterday after German wholesale prices fell by -2.8%, more than the -2.6% expected.
Today attention is on German ZEW economic sentiment data, which is expected to show that morale held steady at -14.7.
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