The pound euro (GBP/EUR) exchange rate is edging lower after gains yesterday.
The pound rose yesterday as UBS bought Credit Suisse , calming the financial markets, easing risk of contagion.
The BoE rate decision on Thursday is moving into view.
The euro slipped yesterday despite German PPI was hotter than expected at 15.8% YoY down from 17.6%.
The data comes after ECB President Christine Lagarde said that inflation has stayed too high for too long.
Today attention turns to German ZEW economic sentiment data which is expected to fall in March to 17.1 down from 28.1.
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