The pound-euro (GBP/EUR) exchange rate is rising after yesterday’s losses.
The pound is edging higher but remains rangebound ahead of UK GDP data tomorrow and despite dovish remarks from Bank of England policymaker Alan Taylor.
Taylor said inflation could hit the 2% target by mid-2026, opening the door to more aggressive rate cuts as wage growth cools.
The euro is slipping amid ongoing geopolitical tensions, with President Trump renewing pressure to bring Greenland under US control.
The Danish and Greenland foreign ministers will meet with US Vice President JD Vance and US Secretary of State Marco Rubio at the White House later today.
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