The Pound Euro (GBP/EUR)exchange rate is heading higher on Wednesday towards €1.18.
The Pound received a boost in the previous session from encouraging UK labour market data. A record number of jobs were created, and the unemployment rate slipped to 4.5%.
All eyes are on UK GDP data which is expected to reveal that economic growth slowed in the three months to August to 3%, down from 3.6%.
The Euro slipped following much weaker than forecast ZEW economic sentiment in both Germany and the broader Eurozone.
German inflation data is due today and expected to show 4.1% in September YoY.
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