The pound euro (GBP/EUR) exchange rate is rising after losses yesterday.
The pound is pushing higher even as BoE rate cuts build and with UK elections in focus.
UK banks have started cutting their mortgage rates in anticipation of a BoE rate cut, possibly in August.
The Euro is falling amid political and economic uncertainty. The far-right is expected to win the French snap election, leading to political upheaval.
Recent data from Germany has been weaker than expected raising concerns over the momentum of the economic recovery.