The Pound Euro (GBP/EUR) exchange rate is edging mildly higher after surging 1.3% in the previous session. The pair is drawing €1.11 into target.
Brexit optimism drove the Pound higher on Wednesday as the UK and the EU agreed to return to the Brexit trade deal negotiating table for intense talks. The British Prime Minister Boris Johnson had walked away from talks citing lack of progress and a fundamental change of approach needed by the EU.
The Euro has been resilient despite surging covid cases on the continent. German consumer confidence is expected to show a deterioration in morale.