The pound euro exchange rate (GBP/EUR) rises for a third straight session.
The pound is rising despite UK inflation cooling to 3.4% YoY in February, down from 4%. CPI could be on track to cool to 2% by Spring.
The data comes ahead of the BoE rate decision tomorrow when policymakers are expected to leave rates on hold.
The euro is falling after ECB President Christine Lagarde acknowledged that inflation was cooling and pointed to June as a key month for deciding whether the cut rates.
Eurozone consumer confidence data is due later today and is expected to improve to -15 in March from -15.5.
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