The pound euro (GBP/EUR) exchange rate is rising after two days of losses.
The pound is rising as the market mood improves. European stocks steadied after the recent selloff and the FTSE rose almost 3%.
However, gains could be limited as the market believes the BoE could cut rates more aggressively to support the economy.
The EUR is falling against the pound but rising against the USD as the market continues to focus on US trade tariff developments.
The EU is considering retaliatory measures if talks with Washington don’t work out.
The eurozone economic calendar is quiet today.
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