The pound euro (GBP/EUR) exchange rate is rising for a fourth day, paring earlier losses.
The pound is rising ahead of the Chancellor’s Autumn Statement where he will lay out his fiscal plan. Some tax cuts and business support measures have been pre-released.
The growth and inflation forecasts will be in focus. Growth could be revised lower and inflation outlook revised higher.
The euro is looking ahead to the release of the ECB financial stability report and consumer confidence data.
Consumer sentiment is expected to improved modestly to -17.6 from -17.9.
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