GBP/EUR: Will Eurozone GDP Data Pull Euro Lower?

The Pound Euro (GBP/EUR)  exchange rate is treading water, consolidating 3 days losses.

Brexit uncertainty has notched up a gear again after EU Chief negotiator Michel Barnier threatens to walk away from Brexit trade talks if progress is not made on the three key sticking points by the end of the week.

In addition to Brexit, a gloomy post lockdown outlook also weighs on the Pound as around a third of England will be put under the toughest covid category.

The latest ECB minutes revealed that more monetary easing is likely in December.

Looking ahead Eurozone consumer confidence data could drive movement in the common currency.