The Pound Euro (GBP/EUR) exchange rate is heading lower on Thursday, snapping a 2-day winning streak.

Brexit jitters are getting to Pound traders as the soft deadline of the end of this week approaches and there is still no deal on the table. Unofficial reports earlier in the week pointed to a deal being agreed early next week.

EU leader’s summit is due to kick off today and hopes are rising that the group will agree to additional fiscal stimulus to boost the Eurozone economy. A second wave of covid is almost certain to send the EZ back into recession.