The Pound Euro (GBP/EUR) exchange rate is edging higher after a volatile session on Wednesday. The pair trades at €1.1079.
Today the EU Summit will see leader from the region meet to assess progress in Brexit trade talks. Whilst the Summit is expected to conclude that progress is still insufficient, rumours are swirling that the UK will continue trade talks.
Today had been a self-imposed deadline by Boris Johnson to decide whether to continue talks.
Surging covid cases in the Eurozone is dragging on demand for the Euro. France has declared a public health state of emergency after 22,000 new cases were recorded.