GBP/EUR: Euro Drops On Economic Slowdown Fears

The Pound Euro exchange rate is seen extending losses from last week, -0.2% at €1.1059 in early trade on Monday.

Despite the Pfizer covid vaccine roll out beginning tomorrow, the Pound is under pressure as Brexit concerns dominate.

Headlines remain unclear as to how much progress has been made. However, the fact that talks temporarily ended over the weekend doesn’t bode particularly well.

The Euro remains buoyant thanks in part to a weaker US Dollar.

Attention will now turn to the ECB monetary policy meeting later in the week. The central bank is expected to ease policy. The EU Summit at the end of the week will keep the Euro in focus.