The pound euro (GBP/EUR) exchange rate is holding steady after two straight days of losses.
The pound has been falling in a quiet week as far as economic data is concerned and as the outlook for the UK economy remains bleak.
NeisenIQ warned that rising inflation and the squeeze on households could slow food sales growth.
The euro was supported in the previous session after hawkish comments from ECB official Isabel Schnabel.
There is no high impacting Eurozone data due to be released today.
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