The pound euro (GBP/EUR) exchange rate is holding steady on Thursday, around €1.1550.
The pound is unmoved despite UK business activity growing by more than expected.
The August composite PMI jumped to 53, up from 51.5 in July, as the dominant service sector booked strong growth. The manufacturing PMI contracted by more than expected.
The data comes after UK Q2 GDP was stronger than expected, rising 0.3% QoQ.
Meanwhile, the EUR is unmoved despite business activity reaching a 15-month high in August.
The composite PMI rose to 51.1 up from 50.9 in July, boosted by a return to growth in manufacturing activity.
The data comes as ECB President Lagarde warned over the outlook for growth in the region.