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Forex traders may be interested to note Confederation of British Industry (CBI) results have shown export orders hit a 15-month high, Reuters reports.
Overall, factory orders are at a two-and-a-half year high as the total order book balance unexpectedly rose to -3 this month.
This has played a part in putting the euro down against sterling by 0.3 per cent at 83.85 pence as it nears last week's low of 83.34 pence.
Michael Hewson, analyst at CMC Markets, said there will not be a great sentiment towards the single currency against the pound.
He added: "This just bears out the data we have seen over the past few weeks and months, which suggest we are not seeing the drop-off in growth to the extent that many economists were predicting."
Earlier this morning, the euro was holding steady against the pound before the CBI announcement.
Posted by Greg Secker
