The Pound Euro (GBP/EUR) exchange rate is resuming its move downwards on Tuesday after a brief stint in the black on Monday. The pair is trading -0.05% at €1.1020.

More UK cities will face the tightest lockdown rules as covid continues to spread across the UK for a second time. This will mean 8 million Brits are under the highest category of alert.

Brexit remains a headache for the Pound the UK government warns that time was running out if the two sides are going to close the gap on differences and agree a deal before the end of the transition deal.

The Euro has been under pressure amid surging covid cases and data which is showing the negative impact on the Eurozone economy.