pound-sterling-gbp-coin - GBP

The Pound Euro (GBP/EUR) exchange trends southwards, extending yesterday’s losses. The pair trades -0.1% at €1.1126

Brexit concerns are back taking centre stage for Pound investors as the 8th round of Brexit trade talks begin. Boris Johnson not only set a new deadline for a trade deal on 15th October, he also is reportedly planning to override parts of the Brexit bill with domestic legislation. These are raising the prospect of no deal being achieved.

The Euro was under pressure after German industrial production increased +1.2% in July vs 4.7% forecast. This was also down significantly from 9.7% growth in June.

Attention will now turn towards Eurozone GDP figures.