The Pound Euro (GBP/EUR) exchange rate is pushing northwards on Wednesday.
The pair picked up off session lows on Tuesday after BoE’s Andy Haldane gave an upbeat assessment of the British economy’s recovery prospects.
Attention will now turn to UK inflation data, which could offer support to the Pound. Expectations are for +0.5% YoY increase, up from +0.3%.
The Euro also remains well supported in risk on trade and against a weaker US Dollar.
German Economic Sentiment rose ahead of forecasts suggesting that the outlook for the economy could be improving.
Eurozone inflation is in focus with disinflation expected to continue with -0.3% year on year decline.