The pound euro exchange rate (GBP/EUR) rises towards €1.17 but is set to fall across the week.
The pound is rising after the services PMI was upwardly revised to 55 from 54.9 in the preliminary reading. This is well above the 50 level that separates expansion from contraction.
The data comes as sticky service sector inflation has proved to be a hurdle for BoE rate cuts.
The euro is falling but is set to rise across the week. Eurozone unemployment is expected to hold steady at 6.5%.
Yesterday, the OECD upwardly revised its growth forecast for the region, to 0.7% and 1.5% for 2024 and 2025.
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