The Pound Euro (GBP/EUR) exchange rate is extending losses for a second session. The pair trades -0.1% at €1.1013 and is on track to end the week approximately 0.1% lower.
Brexit and covid are key drivers for the Pound and neither is bringing good news. London will see lockdown restrictions tightened as from Saturday.
Meanwhile the EU have put the onus on the UK to give ground in order to secure a trade deal. The market awaits comments from Boris Johnson as to where he will take trade negotiations from here.
Eurozone inflation data could act as a drag on the Euro. Analysts forecast -0.3% MoM decline.