GBP/USD: Will US GDP Data Boost the Dollar vs. Pound?

The pound euro  (GBP/EUR) exchange rate is falling away from €1.17, after gains yesterday,

The euro has pushed higher after consumer confidence rose in February to -15.5, up from -16.1.

The data comes after German GFK consumer confidence rose to -29, up from -29.7, as wage growth expectations hit a 2-year high.

The pound rose yesterday after BoE’s Deputy Governor pushed back on rate cuts, saying he needs more evidence of inflation cooling before loosening monetary policy.

Today a lack of fresh catalysts sees GBP drift lower.