The pound euro (GBP/EUR) exchange rate is edging lower after two days of gains.

The pound has been supported this week by the Northern Ireland post-Brexit trade deal and hawkish BoE commentary.

Today BoE Governor Andrew Bailey is set to speak. Any hawkish hints could boost the pound.

UK manufacturing PMI data is also due to be release and is set to confirm the preliminary reading of 49.2 in February, up from 47.

Inflation is set to remain a key theme in the eurozone ahead of the release of German consumer prices which are forecast to fall to 8.5% YoY, up from 8.7%.

This comes after inflation in France rose to a euro-era record high and as inflation in Spain unexpectedly rose.