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Against most major currencies the Pound has been in ascension recently.
Constantly knocking highs, especially against the Euro, could mean it's over stretched.
However the news out of the Eurozone is less than salubrious, so not much support for the Euro.
The French Government appears to be in chaos right now, so even from a political standpoint it's a bit gloomy.
Factor in the less than 50 reading for the Eurozone services PMI yesterday, and there might mot be much Euro buying today.
Maybe the Eurozone retail numbers out later in the morning might turn things around.
Other than that it's a quiet day for scheduled news before breakfast tomorrow when the Halifax releases it's UK house price changes.
Business news centres on the UK Government and the plan to double down on their election promises later today.
EUR: 10:00 Retail Sales
UK: Friday 07:00 Halifax House Prices
As ever we look forward to keeping you in the loop and look out for our next update.
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