The Pound Euro (GBP/EUR) exchange rate is edging lower for a third straight day.
The euro rose in the previous session after unemployment in the bloc ticked to a a record low and as PPI inflation rose to a record high.
Today retail sales data is expected to show that sales fell -0.1% MoM in March as inflation soared. Weak sales could unnerve investors and drag on the euro.
The Pound drifted lower yesterday despite an upward revision to UK manufacturing PMI in April, to 55.8.
There is no high impacting UK data today. Attention will turn to the BoE interest rate decision on Thursday.