The Pound Euro (GBP/EUR) exchange rate is edging higher after finishing flat on Thursday.

The Pound continued to be supported by the prospect of an interest rate rise by the BoE potentially as soon as December.

Attention now turns to UK retail sales and PMI data. Whilst retail sales are expected to rise 0.2% MoM after falling in August.

PMIs are expected to show growth slowing. This is also expected to be the case in the Eurozone with the composite PMI easing to 55.2 from 56.2.

The data comes following Eurozone consumer confidence figures which revealed that morale declined in October as prices rose.