The pound euro (GBP/EUR) exchange rate rose for a second day on Wednesday.
The euro fell against its major peers as the USD surged following Trump’s win in the US election. The euro often trades inverted to the USD.
Concerns over what trade tariff Trump could apply to Europe also weighed on the EUR.
The pound rose versus the EUR but fell against the USD. Attention now turns to the BoE rate decision.
The BoE is expected to cut rates by 25 basis points to 4.75%, marking the second rate cut this cycle.