GBP/EUR: Pound Shakey vs. Euro Ahead of Brexit Bill Debate

The Pound Euro (GBP/EUR) exchange rate is advancing snapping a two day losing streak.

The Pound is focusing on vaccine optimism as the covid jab will be rolled out next week.

Brexit could cap gains. The latest headlines have been less encouraging after Michel Barnier warned the UK that a trade deal needed to be reached by the end of the week.

UK service sector PMI data is expected to confirm the flash estimate of 45.8.

The Euro’s phenomenal run higher continued on Wednesday, booted by a weaker USD and strong German retail sales data.

Attention now switches to Eurozone service sector data, which is expected to show a deep contraction