ONDON (AFX) - The euro was steady at morning levels against the dollar in midday trade, as investors awaited US consumer confidence data which will give the market the first sign of how badly confidence has been damaged by the terrorist attacks that took place two weeks ago, dealers said. "There is a focus on oil prices and the consumer confidence this afternoon," Adrian Schmidt, at Royal Bank of Scotland said. "Weak oil prices are usually euro positive but not many positions are being taken at the moment," he added. The yen was slightly stronger, drifting higher in a pattern seen after previous Bank of Japan interventions. Dealers said focus was on the outcome of today's meeting between US President George W Bush and Japanese Prime Minister Junichiro Koizumi. Neil MacKinnon, senior currency strategist at Merrill Lynch, said forex traders and investors will be alert to any joint intervention to stabilise dollar-yen. However, he said the BoJ's forex intervention "is unlikely to do much to weaken the yen given the already ample levels of liquidity in the system". "Repatriation flows look powerful enough to thwart BoJ intentions," he added. Schmidt at RBoS said there was not a huge amount of activity going on in yen. "The BoJ put a floor under it (the yen) and it is not expected to break that floor," he said, adding that the floor was "116-ish". Sterling was largely unchanged after UK second-quarter current account and final GDP data. "The data was decent," Schmidt said. "Growth was a bit stronger and the current account deficit a bit narrower than people expected. But weak oil prices are offsetting these," he added. UK second-quarter GDP -- at constant 1995 market prices -- rose 0.4 pct from the first quarter, for a 2.3 pct year-on-year increase, while the UK's current account was 3.895 bln stg in deficit on a seasonally adjusted basis in the second quarter, compared with a downwardly revised shortfall of 1.574 mln in the previous three months.