The Pound Euro (GBP/EUR) exchange rate is heading higher, retaking €1.19.
The Euro fell in the previous session after German IFO business sentiment fell for a fifth straight month owing to supply chain bottlenecks and rising costs.
Attention will now turn to German GFK consumer confidence which is also expected to fall as COVID cases surge in Germany.
The Pound gained ground on Wednesday, boosted by slightly more hawkish comment from BoE policy maker Silvana Tenreyo.
There is no high impacting UK data due to be released today. BoE Governor Andrew Bailey is due to speak.
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