GBP/EUR: Pound Perks Up On Post Brexit US - UK Trade Deal Talk

The Pound Euro (GBP/EUR) exchange rate is trading +0.1% at €1.0984.

The Pound remains pressurised amid lingering Brexit uncertainty. Comments from EU officials suggest that the Internal Markets Bill created distrust, meanwhile others indicate a deal might be achievable.

Brexit nerves overshadowed soaring construction activity in the UK economy. Construction PMI jumped to 56.8 in September.

The Euro received a boost from stellar German factory orders data, at 4.4% month on month growth, well ahead of the 2.6% forecast.

However, comments from ECB President Christine Lagarde are dragging on demand for the common currency after she expressed her concern over the health of the economic recovery.