The pound euro exchange rate is currently trading just below its 11-month high after a mixed set of Purchasing Managers’ Index (PMI) data. The pound has been performing strongly against the euro in recent weeks, reaching levels not seen in almost a year. However, the latest PMI figures have been uneven, with some sectors showing growth while others are experiencing a slowdown. This has led to some fluctuations in the exchange rate, but overall the pound remains strong against the euro. Investors will be keeping a close eye on economic data and Brexit developments to gauge the future direction of the exchange rate.