Pound to euro exchange rate: Sterling DIPS as Bank of England ‘Super ...

The exchange rate has slipped to €1.117 down from €1.121 yesterday. 

Sterling was delivered a boost after manufacturing data was released for the UK. 

The figures proved better than expected, implying the nation’s growth might be picking up in the third quarter. 

A surge in new export orders received by British manufacturers accelerated sector growth in July, according to the latest business survey.

The manufacturing PMI climbed from a seven-month low of 54.2 in June to 55.1 in July; well above market expectations of a rise to 54.4.

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Pound euro exchange rateGETTYPound euro exchange rate - sterling has dipped this morning ahead of data out of the UK

A surprisingly upbeat UK manufacturing PMI helped the pound advance half a cent on the euro

Laura Parsons

But the exchange rate has dipped again this morning as the euro gathers strength. 

Construction data will be released for the UK today, which could benefit the exchange rate if figures are similarly encouraging. 

TorFX currency analyst Laura Parsons said: “A surprisingly upbeat UK manufacturing PMI helped the pound advance half a cent on the euro on Monday. 

“UK manufacturing output accelerating by more than anticipated gave rise to hopes that the UK

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