Today sees the release of the UK's markit PMI data release. This shows the economic conditions of the services sector, which is expected to slightly fall to 55.10 from 55.60. However, the considerable amount of short positions will result in the GBP being fairly immune to any more negative data. Stronger than expected results will see the pound continue its bullish movement from yesterday.
The euro is also facing numerous markit PMI releases, including the PMI composite for February which is expected to remain unchanged from January's 6-month high at 62.70. This event shows the growth in the services and manufacturing industry, which contributes a great deal to the overall GDP.
Overnight the Japanese yen underperformed, with the New Zealand dollar and Aussie dollar both having a bullish day.