The Pound Euro (GBP/EUR) exchange rate is treading water after two straight days of declines.
The Pound drifted lower in the previous session amid a lack of fresh catalysts. This week has been a quiet week on the economic calendar.
Today, that changes with the release of UK GDP data which is expected to show economic growth picked up in November to 0.4%, from 0.1% in October.
Industrial production and manufacturing are also set to be released.
Thursday’s session was also a quiet session for the Euro which drifted higher. Today the economic calendar could capture investors’ attention with the release of Eurozone balance of trade and German GDP for 2021.