The pound euro (GBP/EUR) exchange rate is rising towards €1.14 after losses last week.
The pound is rising amid an improved market mood as U.S. government shutdown talks progress, suggesting that the shutdown could be in sight.
Support also came from hawkish remarks by BoE chief economist Huw Pill, who cautioned markets against reading too much into the BoE’s recent dovish language.
The euro is falling amid weakening investor confidence data, which fell to -7.4 from -5.4, defying expectations of a rise to -3.9.
The data comes after upbeat PMI data last week, suggesting modest eurozone growth momentum.
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