Yesterday's US Non-Farm Payrolls (the main monthly announcement in the labour market), and today's European Retail Sales figures, should have weakened both currencies to give better exchange rates than we saw earlier in the week.
However, the Pound has in fact lost ground instead. Perhaps the market has seen the recent rally by sterling as a little too much, too soon, and we might struggle to see the elusive €1.20 mark for some time to come.
The Dollar is still trading above $1.60, but against the New Zealand ($2.57) and Australian ($2.04) Dollars, rates have fallen back too.
Next week sees some important data released, including UK production data on Tuesday, and the Bank of England's monthly interest rate decision and accompanying statement on Thursday.
To make sure you don't miss out on any opportunities to secure your currency at preferential exchange rates, keep in touch with a reputable currency broker who will be able to guide you through the process.