The Pound Euro (GBP/EUR) exchange rate is treading water after three days of gains.
The Euro fell in the previous session amid concerns over the ongoing Ukraine war and after disappointing German data. German factory orders slumped -2.2% MoM, worse than the 0.2% fall forecast.
The minutes of the latest ECB meeting are due to be released and could shed light on how concerned the ECB is over rising inflation amid the fallout from the war.
The Pound edged higher on Wednesday supported by encouraging UK construction sector data, which showed that activity remained strong despite surging costs.
There is no high impacting UK data due today, only UK house price figures.