The Pound Euro (GBP/EUR) exchange rate remains depressed hovering just below €1.15.
The Pound has lost the momentum which carried it higher in the first quarter after the anticipated advantaged from a fast vaccine rollout narrows.
The exit of BoE’s Chief economist and hawk Andy Haldane is just adding a softer tone to sterling.
There is no high impacting data due today.
The Euro remains supported by the weaker US Dollar, despite disappointing industrial production numbers. Industrial production declined a worse than expected -1.6% YoY in February.
Today German inflation figures are likely to attract some attention. German consumer prices are expected to rise 1.7% YoY.