The pound euro (GBP/EUR) exchange rate is rising modestly after a flat end yesterday.
The pound rose as investors weighed up higher Government borrowing against a growth upgrade from the IMF.
Economic data showed that the UK government borrowed £16.6 billion in September, the third highest September borrowing ever.
The IMF now considers that the UK will grow 1.1% this year, revised higher from 0.7%.
The IMF downwardly revised the eurozone growth forecast by 0.1% to just 0.8% in 2024. Growth for 2025 was lowered by 0.3%.
Germany is expected to contract -0.3% this year, underperforming the broader market.