gbp-euro-coins - GBP/EUR

The Pound Euro exchange rate is grinding higher for a third session.

The pound found support in the previous session following upbeat sales data from the British Retail Consortium. Like of like sales rose 8.1%.

There is no high impacting data due today so the pound could be directed by the euro.

The euro came under pressure again after ECB President Christine Lagarde back tracked on her hawkish turn.

German trade balance and Italian industrial production are in focus today.