The pound euro (GBP/EUR) exchange rate is falling after two days of gains.
The pound rose yesterday after UK services PMI came in better than expected in September at 49.2 down from 49.4 but well ahead of the preliminary 47.2 reading.
There is no high impacting UK economic data due today so sentiment will likely influence GBP.
The euro is rising despite a mixed bag of data. German exports slumped again in August raising concerns over a prolonged slowdown in the eurozone’s largest economy.
This came after retail sales dropped -1.2% MoM in August and the services PMI improved in September but remained in contraction.
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