The Pound Euro (GBP/EUR) exchange rate is holding steady after yesterday’s gains saw the pair close above €1.17.
The Euro fell yesterday even though German ZEW Economic Sentiment unexpectedly improved to -34.5 from -41.
German inflation data is in focus today and should confirm the preliminary reading of 7.4% YoY.
The pound rose despite signs of the cost of living crisis hurting consumer habits, with BRC retail sales falling -0.3% year-on-year.
There is no high impact UK data today.