GBP/EUR: the pound is heading towards €1.19
The British pound exchange rate is up for a third session.
The Pound found support in the previous session following upbeat sales data from the British Retail Consortium. Same-store sales increased by 8.1%.
There is no high impact data expected today, so the Pound could be led by the Euro.
The euro came under pressure again after ECB President Christine Lagarde backtracked on her belligerent turn.
The German trade balance and Italian industrial production are in focus today.