The Pound Euro (GBP/EUR) exchange rate is ticking a few pips higher after losing over 1% yesterday.
The Pound fell steeply yesterday after weaker than forecast jobs data raised concerns over the UK economic outlook.
Unemployment rose to 3.8% and wages adjusted for inflation fell at the fastest pace since records started.
The euro rose after German ZEW economic sentiment improved for a fourth straight month to -28, despite numerous risks remaining.
Eurozone industrial production data is due today and is excepted to fall -1.1% YoY in April, down from -0.8% in March.