Eo of Fe|Fe2+ is +0.44V, Eo of Cu|Cu2+ is –0.32V. Then in the cell
Cu oxidises Fe2+ ion
Cu2+ oxidises iron
Cu reduces Fe2+ ion
Cu2+ ion reduces Fe
Both potentials are oxidation potentials. Higher oxidation potental reduces lower oxidation potential
Fe reduces Cu+2 or Cu+2 oxidises Fe.