The pound euro (GBP/EUR) exchange rate is slipping a few points lower.
The euro is holding firm against the pound and near 1.1950 against the dollar despite ECB concerns over currency strength.
Eurozone economic sentiment improved in January to 98.2 from 97 in December, led by France.
The pound is edging modestly lower against the euro and the USD after reaching a multi-year high versus the greenback earlier in the week.
Limited UK data today keeps the focus on next week’s Bank of England meeting. The BoE is expected to hold rates at 3.75%, amid solid private sector activity and slightly hotter inflation.
UK political tensions pose a potential headwind for sterling.
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