The pound euro exchange rate is heading lower, snapping a two day winning run.
The pound has been broadly supported by bets that the BoE will keep interest rates high for longer. BoE policy makers have reiterated this view in recent speeches.
There is no high impacting UK economic data due to be released tomorrow. Attention will be on the BoE meeting next week.
The euro is rising after GDP data confirmed the -0.1% contraction QoQ in Q3, in line with preliminary readings. The region is expected to tip into recession in Q4.
The ECB are meeting next week and are expected to start cutting rates early next year.
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