The pound euro (GBP/EUR) exchange rate is edging lower after six days of gains.
The pound is struggling amid election jitters after PM Rishi Sunak announced a general election on July 4.
The pound is also struggling after weaker-than-expected service sector PMI data, which fell to 52.9 from 55 in April.
The euro is gaining after business activity in the region expanded at a faster pace. The composite PMI rose to 52.3 up from 51.7 in April, indicating a recovery in the region.
Negotiated wage growth was stronger than forcecat at 4.7%, which could make additional rate cuts a challenge for the ECB.
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