The Pound Euro (GBP/EUR) exchange rate is heading higher +0.2% at €1.1075, after a flat finish on Wednesday.
France and Germany announced national lockdowns in an attempt to slow the spread of covid.
The ECB are due to give their monetary policy announcement. Not rate change is forecast and expectations had been for an increase in stimulus in December, this could now be sooners given the change in circumstances.
The UK recorded over 24,000 coronavirus cases in the past 24 hours. There is a good chance that it will follow the likes of France & Germany into lockdown soon.
Brexit optimism lifts the pound.