The Perseid meteor shower is scheduled to peak this morning (morning of August 12). For a thorough guide on how to observe this shower see the American Meteor Society’s ‘Viewing the 2012 Perseid Meteor Shower‘ article.
The chart below shows the latest ZHR measurements based on meteor counts submitted to the International Meteor Organization. [Update: recent results from Europe are showing a ZHR of 40-60 meteors per hour.]
While outside this morning watching the meteors, don’t forget to look to the east. The Moon, Jupiter and Venus are nicely lined up against the backdrop of the winter Milky Way.