The Pound Euro (GBP/EUR) exchange rate is treading water after two straight days of declines.
The euro rallied in the previous session amid hopes that a solution to the Ukraine crisis could be found diplomatically.
Today attention will turn to German ZEW economic sentiment which is expected to fall in March to 10 from 54.3.
The Pound came under pressure at the start of the week as investors looked ahead to the BoE rate decision fearing that a rate hike in the face of slowing growth could tip the UK towards a recession.
UK unemployment data is due today and is expected to show the continued recovery in the labour market, dropping to 4%.