The pound euro (GBP/EUR) exchange rate is rising after modest losses yesterday.
The euro is under pressure as investors wait to hear news of a US – EU trade deal. The two sides are reportedly close to a framework deal similar to that of the UK.
The EU is looking for special measures to protect its auto exports to the US.
The pound is rising, boosted by a positive market sentiment.
The FTSE 100 has risen to a record high, lifted by miners following President Trump’s announcement of a 50% tariff on copper, which sent copper prices higher.
UK GDP data is due tomorrow and is expected to rise 0.1% MoM in May.