The pound euro (GBP/EUR) exchange rate is inching higher after two days of losses.
The pound fell yesterday after UK manufacturing PMI fell to 46.5 in June down from 47.1, one of its weakest reading since the 2008/9 financial crisis.
There is no high impacting UK economic data due today, in what is expected to be a quiet day.
The euro rose yesterday despite weak manufacturing activity as the manufacturing PMI fell to 43.4, its eight month below 50.
Today attention turns to German trade data and Spanish unemployment, which are not expected to have a big impact on the euro.
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