GBP/EUR: Pound Perks Up On Post Brexit US - UK Trade Deal Talk

The Pound Euro (GBP/EUR) exchange rate is edging marginally lower after two stellar days.

Covid vaccine news and rumours of progress in Brexit trade talks boosted the Pound, overshadowing UK labour market data on Tuesday.

Unemployment hit a 4 year high of 4.8%, as redundancies surged by 314,000 in the third quarter, the highest number on record.

The Euro traded on the back foot after German ZEW investor sentiment figures revealed that investors morale had slumped by more than expected as a second wave of coronavirus takes hold and amid a second lockdown.

There is no high impacting Eurozone data today, investors will focus on a speech by ECB President Christine Lagarde.