GBP/EUR: Pound Climbs Higher vs. Euro After Tory Conference
  • EUR/USD drives higher to 1.2170/75.
  • German Factory Orders rise 2.9% MoM in October.
  • US Nonfarm Payrolls in focus

EUR rallied higher on upbeat sentiment, boosting EUR/USD back to the 1.2170..

EUR/USD focused on data

EUR/USD extends gains for the fourth straight session on Friday and hits  another 32-month peak at 1.2170/75.

Optimism surrounding a strong global recovery comes from growing expectations of further US fiscal stimulus and the prospects of a viable vaccine

German Factory Orders grew a better than forecast 2.9% MoM during October.

In the US NFP will be under the spotlight followed by Factory Orders, Balance of Trade and speeches by FOMC’s C.Evans and M.Bow