The strengthening of the Pound against the Euro has been influenced by positive data from a country indicating robust signs, with retail sales increasing by 3.2% year-over-year, surpassing expectations of 1.8%. This reflects increased household spending capabilities.

Additionally, there are expectations that the European Central Bank (ECB) might soon cut interest rates amidst the Eurozone's inflation rate decreasing faster than anticipated, putting direct pressure on the Euro.

However, investors are still awaiting signals from other economic indicators, whether from the UK or the Eurozone itself, especially regarding the UK's GDP data for the month, including factory data in February, which was announced on Friday.