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Just before 08:00 GMT this morning, the euro was up by 0.6 per cent on yesterday to 93.14 pence.
A London-based trader told Reuters: "There's profit taking before the data and Federal Open Market Committee (FOMC).
"Most bad news [is] already in the price though, so I expect a bounce after the UK numbers or Fed."
Meanwhile, the dollar edged up against the single European currency ahead of a key decision on US interest rates.
It is expected that the FOMC will leave interest rates on hold at between zero and 0.25 per cent.
Antje Praefcke, a currency strategist, described the market as "quiet" as traders anticipate the FOMC decision.
Sterling was the day's biggest mover, as it faced selling pressure ahead of UK unemployment data which is expected show a rise in the number of people out of work.
