The pound-euro (GBP/EUR) exchange rate is rising after losses yesterday. The pair trades 1.88% lower so far this year.
The euro trades lower amid growing dovish ECB rate cut expectations. ECB President Christine Lagarde and other policymakers have signaled further rate reductions.
Eurozone consumer confidence improved modestly to -14.2 from -14.5, but the negative means views remain pessimistic.
The pound is rising but has fallen across the year due to concerns over the fiscal outlook, rising BoE rate cut bets, and a deteriorating outlook.