GBP/EUR: Pound Steadies After Heavy Fall vs. Euro As May Vows To Stay

The Pound Euro (GBP/EUR) exchange rate is holding steady at €1.1111 after shedding 0.4% in the previous session.

UK factory activity picked up at its fastest pace in almost 3 years in November amid Brexit stockpiling and rushing to complete orders prior to 31st December.

Brexit headlines remain broadly supportive with rumours swirling that a deal could be announced by the end of the week.

The Euro surged across the board, thanks in part to a weaker US Dollar.

Eurozone inflation declined -0.3% month on month, as the rising Euro creates more of a headache for the ECB.

German retail sales are in focus and are expected to rise 1.2% on a monthly basis.