There have been some mixed numbers coming from Europe this morning. The prelim Q1 GDP number showed a 0.6% expansion and the unemployment fell to 10.2%. But, on the other hand, the core inflation numbers missed the expectations and the inflation in general posted a 0.2% decline, which means deflation. Still, the Euro is higher against the Dollar, while the British Pound has failed to break the resistance at 1.4660s. 

GBP/USD failing at resistance once again.