The Pound Euro (GBP/EUR) exchange rate is holding steady after gains yesterday saw the pair close over €1.17.
The euro fell yesterday even though German ZEW economic sentiment improved unexpectedly to -34.5, up from -41.
German inflation data is in focus today and is expected to confirm the preliminary reading of 7.4% YoY.
The pound rose despite signs of the cost of living crisis hurting consumer habits as BRC retail sales fell -0.3% YoY.
There is no high impacting UK data today.