After yesterday’s losses, the pound-euro (GBP/EUR) exchange rate is holding steady above €1.18.
The euro is unchanged after weaker-than-expected eurozone economic sentiment, which eased to 95.6 in June, down from 96.
Data this week showed German consumer confidence and business morale were also softer than forecast.
Political uncertainty ahead of the French elections this weekend is also limiting moves in the EUR.
The pound is drifting amid a lack of fresh fundamental drivers and ahead of next week’s election.
The Labour party have a comfirtable lead but have limited room for big fiscal changes.
The BoE is likely to be a bigger influence on the pound.
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