The pound euro (GBP/EUR) exchange rate is calling for a fourth straight day.
The pound is falling despite the services PMI being upwardly revised to 53.7 in August from 53.5 in July, reaching a 4-month high. The data shows that the economy is holding better than expected as inflation and interest rates ease.
The euro is rising even after the services and composite PMIs were downwardly revised in August.
The composite PMI, which is considered a good gauge for business activity, was lowered to 51 from 51.2.
However, PPI inflation rose 0.8% month on month, ahead of the 0.3% forecast.
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