The pound euro (GBP/EUR) exchange rate is holding steady after losses last week.
The pound is unchanged as the market has reacted only modestly to Trump’s attack on Iran over the weekend.
UK composite PMI rose by more than expected to 50.7, up from 50.3 in May, as both the service sector and manufacturing sector activity improved in June from May.
The EUR is unchanged despite PMI data coming in weaker than expected. The composite PMI was unchanged at 50.2 as business activity remains stagnant.
Manufacturing activity was weaker than forecast, at 49.4, which was in line with May but below the 49.8 that economists expected.