The pound euro (GBP/EUR) exchange rate inching a few ticks higher at the start of the week.
The pound gained across last week after the services PMI showed that the UK service sector contracted by less than expected in September.
There is no high impacting UK economic data today. Risk off sentiment amid the rising geopolitical tensions in the Middle East hit demand for both GBP and the EUR.
The euro remains subdued after German industrial output falls further in August. German industrial output fell -0.2% MoM, after falling -0.6% in July. The data comes after weak German exports and manufacturing PMIs last week.
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