The pound euro (GBP/EUR) exchange rate is holding steady after gains in the previous week.
The pound is supported by comments from BoE Governor Andrew Bailey, who warned that getting interest rates back to 2% from here will be hard work.
The euro is looking to a speech by ECB President Christine Lagarde, who is expected to reiterate her stance that the fight against inflation isn’t over.
German IFO exporter sentiment improved to -3.8 in November from -6.3 in October. This comes after German IFO business sentiment improved for a second straight month.
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