The Pound Euro (GBP/EIR) exchange rate is edging cautiously highly higher in quiet trading. The pair is trading +0.08% higher at €1.1035, after trading flat across the previous week.

The Pound is managing to advance despite the UK preparing for PM Boris Johnson’s unveiling of further lockdown restrictions amid surging covid cases.

This week is also a key week for Brexit talks, with significant distance remaining on key topics, especially fishing.

The Euro is mildly lower ahead of a speech by ECB President Christine Lagarde, who is expected to reiterate the central bank’s dovish stance.