GBP/EUR: Pound Lower vs. Euro As No Brexit Plan B Agreed

The Pound Euro (GBP/EUR) exchange rate is pushing higher for a fourth consecutive session at €1.1254.

The Pound received support from upbeat vaccine developments and news that the UK economy will reopen in early December.

Brexit remains in focus after the two sides are reportedly on the cusp of a deal. Bank of England Governor Andrew Bailey warned that no trade deal Brexit could do more economic damage long term than covid.

The Euro was out of favour after weak PMIs data which reflects the lockdown restrictions in the largest economies.

German GDP and IFO sentiment data due to be released.