The Pound Euro (GBP/EUR) exchange rate is pushing northwards for a third consecutive day around €1.1650.
The Pound jumped higher in the previous session following hawkish comments from BoE policy maker Vlieghe. The MPC board member said that rates could rise as soon as early next year if the labour market recovery continues smoothly after the furlough scheme ends in the Autumn.
With no high impacting UK data due, investors will be watching covid numbers closely as they tick higher.
The Euro trades lower on Thursday as German consumer confidence ticked higher to -7, up from -8.6 in May, but was less than expected.
Today attention will be on Eurozone consumer confidence which is expected to rise to -5.2. A strong reading could boost the Euro.
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