GBP/EUR: Pound Hits Weekly High vs Euro On Brexit Deal Hopes

The Pound Euro (GBP/EUR) exchange rate is 0.1% higher on Friday at €1.0980. The pair trades +0.2% across the week.

Brexit concerns continue to drive the Pound. UK officials and EU officials have different levels of optimism over how far talks have progressed. Whilst UK officials believe trade talks could enter an intense period next week, EU officials believe it will be longer.

With no UK data due, Brexit headlines will dominate.

The Euro is looking nervously ahead to the release of consumer price inflation data. Expectations are for -0.2% disinflation month on month. The release comes after ECB President Christine Lagarde warned over low inflation in the region.

GBP Index Today - last 180 days