The pound was boosted by increased retail sales, more than gaining what it lost against the euro yesterday and gaining its losses against the dollar. Sterling has risen 7% against the dollar over the past seven months, but this has been mainly due to dollar strength.
As the week draws to a close, the market will be looking for any updates on Brexit negotiations, which resumed in Brussels on Tuesday. Brexit is still thought to be a major driver for the pound, so any news could have an impact.
Consumer confidence data will be out at 9.30am.
