The pound euro (GBP/EUR) exchange rate is rising, paring losses from the previous session.
The euro pushed higher after more hawkish ECB commentary and despite weaker-than-forecast retail sales and investor morale.
Retail sales rose 0.3% MoM, less than the 1% expected. Sentix investor sentiment dropped to -11.1 raising recession worries.
German factory orders are due today and are expected to fall -1% in January after rising 3.2% in December.
The pound fell yesterday despite constriction data showing that the sector returned to growth in February. The construction PMI jumped to 54.5 from 48.5 in January.
There is no high impacting UK economic data due today.