The Pound Euro (GBP/EUR) exchange rate is edging a few points lower after reaching €1.2043 a 23 month high yesterday.
The Pound advanced yesterday on signs that the UK economy is picking up again after the latest Omicron wave caused growth to slow around 0.5%.
Card spending has risen as well as restaurant bookings in a good sign.
Today, retail sales for December are expected to show that sales declined -0.6% MoM as Omicron cases surged.
The Euro fell yesterday after the minutes from the latest ECB meeting showed that policymakers still consider high inflation to be transitory.
ECB President Christine Lagarde warned that hiking rates to soon would slow economic growth.
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