The Pound Euro (GBP/EUR) exchange rate is moving lower, adding to losses from the previous session.

Brexit is a worry for Pound traders as talks reach a critical point and the EU demands that the UK makes a move on fisheries or the fair playing field.

The labour market shows signs of strain. Unemployment hit the highest level in 5 years whilst redundancies soared at the fastest rate since records began, as government support was scaled back.

The Euro is also broadly under pressure as covid cases rise and amid disappointing news on vaccines. ZEW German Economic Sentiment tumbled to 56.1 vs 73 expected.

Eurozone industrial production is up next.