The pound euro (GBP/EUR) exchange rate is rising for a fifth straight day.
The pound is gaining after PM Kier Starmer warned of a difficult Autumn Budget, paving the way for tax hikes to fill a £22 billion black hole.
On Friday, BoE Governor Andrew Bailey said that rates would need to remain restrictive for longer. The market sees the next rate cut in November.
The euro is falling after German GDP data showed a -0.1% contraction in Q2. GFK consumer confidence is set to fall in September to -22 from -18.6, amid rising concerns over the health of the jobs market.