The pound euro (GBP/EUR) exchange rate is rising after modest losses yesterday.
The pound is rising amid an upbeat market mood as the ceasefire in the Middle East continues.
This overshadowed BCC data, which showed that a third of small and medium-sized firms were considering staff cuts due to the government’s increased tax burden on employers.
Earlier in the week, BoE policymakers David Ramsden warned of a clear slowdown in the jobs market.
The EUR fell after GFK German consumer confidence unexpectedly fell to -30.3 from -20.
The survey showed consumers were increasing precautionary savings.
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