The pound euro (GBP/EUR) exchange rate is rising for a third day.
The euro is under pressure as growth slowed in Q2 to 0.1% QoQ, down from 0.6% in Q1. The region recorded modest growth despite headwinds from trade tariffs across the quarter.
The EU and the US agreed on a trade deal over the weekend, which sees EU imports taxed at 15%.
The pound is rising, finding support from deeper trade ties with the US, while news of deeper trade ties with Oman helps to support the mood.
The BoE is expected to cut rates when it meets in early August.