The pound euro (GBP/EUR) exchange rate is heading lower after four days of gains.
Next, the British retailer downwardly revised its price inflation outlook for this year feeling bets that inflation could fall faster than expected. This will be well received by the BoE after food inflation rose to a record high in March.
The BoE quarterly bulletin will be released tomorrow.
The euro is rising after German GFK consumer confidence improved for a sixth straight month in April, rising to -29.5 up from -30.6. German IFO business confidence also improved earlier in the week.
There is no high impacting eurozone data today. Attention will be on German inflation data tomorrow.
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