GBP/EUR: Brexit Extension & EU Trade Tariffs In Focus

The Pound Euro (GBP/EUR) exchange rate is extending gains for a third straight session. The pair trades +0.25% at €1.1082

Brexit talks resume after Chief EU negotiator Michel Barnier returned to London. Headlines have been slow, but the Pound cheered the fact the two sides are still talking.

Covid cases continue to surge with CBI retail sales data showing the impact that the latest lockdown measures are having on the retail sector.

EU nations such as France and Germany are looking at national lock downs as coronavirus cases surge.

German import and export data are in focus before Thursday’s ECB monetary policy announcement.