GBP/EUR: Pound Flat vs. Euro Following BoE & ECB

The Pound Euro (GBP/EUR) exchange rate is trending higher, extending gains for a fourth straight session. The pair trades +0.2% at €1.0991.

The Pound has been rising on Brexit optimism after the UK government reported made concessions over British fisheries, an area of negotiations which has been deadlocked for months.

Attention now turns to the BoE’s interest rate decision. No changes to monetary policy are expected, although the central bank could pave the way for more stimulus in November.

The Euro will look ahead to inflation data, which is expected to confirm anaemic inflation with prices declining -0.4% MoM in August.