The pound euro exchange rate (GBP/EUR) is rising after losses yesterday.
The pound is rising after UK manufacturing returned to growth in March, rising above 50 for the first time since July 2022.
Meanwhile, the BRC noted that shop inflation rose at its slowest pace since 2021, thanks to falling food costs.
The euro is falling after eurozone manufacturing PMI fell to 46.1 in March from 46.5 in February, contracting for a 21st straight month.
German inflation data is due shortly and is expected to cool to 2.2% YoY in March down from 2.5%.
Cooling inflation would support the ECB cutting rates sooner rather than later.
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