GBP/EUR: Pound Heads Higher As EU To Mull Over Brexit Extension

The pound euro (GBP/EUR) exchange rate is rising, reversing some losses from last week.

The pound fell across the week after mixed data failed to provide direction on the future path of interest rates at the BoE.

There is no high impacting UK data today, although recovering risk sentiment is helping the pound.

The euro rose last week, helped higher by hawkish ECB commentary is a week that was relatively quiet for data.

Looking ahead Eurozone consumer confidence is expected to improve to -18.3 in February, up from -20.9.