GBP/EUR: Pound Struggles vs. Euro As Brexit Debate Continues
  • EUR/USD scales to fresh highs close to 1.20.
  • Dollar weakness boosts the pair.
  • German flash inflation figures up next.

 EUR/USD gains traction rallying to multi-week highs over 1.1980.

EUR/USD eyes 1.2000

EUR/USD rises for the  fifth straight session  on Monday and trades just pips away  from the psychological level 1.20.

The persistent softer tone surrounding the USD continues to support the EUR/USD uptrend. Optimism surrounding a strong global economic recovery ,vaccine hopes and renewed prospects of additional US stimulus under a Biden’s presidency.

On the data front eurozone Spanish inflation figures are expected to show the CPI rose 0.2% MoM in November and contract 0.8% YoY.. In Italy, consumer prices are seen contracting 0.1% inter-month and 0.2% from a year earlier. Looking ahead ECB’s President C. Lagarde is due to speak, followed by German CPI and a speech by Board member P.Hakkarainen.