The pound euro (GBP/EUR) exchange rate is rising for a second straight day.
The euro fell yesterday after German consumer confidence fell to -26.5 from -25.6 and below the -26 forecast.
Attention is now on German inflation data which is expected to cool to 4.6% YoY down from 6.1% in August. Cool inflation could support the view that the ECB is at the end of its hiking cycle.
The pound is rising against the euro but struggling against the USD. The UK economic outlook remains grim and the BoE is no longer expected to hike rates again this cycle, pressuring the pound.
There is no high impacting UK economic data today.
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