GBP/EUR: Pound At 4 Month High vs Euro On Brexit Deal Speculation

The Pound Euro (GBP/EUR) exchange rate is building on yesterday’s gain, trading +0.1% at €1.1176.

The Pound remains resilient despite Brexit warnings from both the EU and the UK that time is running out. Difference remain and talks continue.

Attention will turn towards the UK and Eurozone manufacturing PMIs. The flash estimates for November showed that the manufacturing sector has remained in expansion territory in both regions through the latest lockdown restrictions, faring much better than the service sectors.

The UK manufacturing PMI is expected to confirm 55.2. The Eurozone reading is expected to confirm 53.6, with Germany outperforming at 57.6.

Other data points include Eurozone inflation, German unemployment and Italian GDP figures.