GBP/EUR: Will Eurozone Inflation Data Lift Euro vs. Pound?

The Pound Euro (GBP/EUR) is treading water on Friday, searching for direction after booking gains in the previous session.

Brexit remains in focus as the pressure mounts on the two sides to agree a Brexit trade deal. Headlines remain mixed, although the chances of a deal being announced today have eased.

UK service sector activity performed better than feared in November, the second UK lockdown. UK construction data is coming up.

The Euro came under pressure as business activity in the region dropped into a sharp contraction amid lockdown measures across the bloc.

German factory orders are expected to show 1.5% growth month on month in October.