The Pound Euro exchange rate is extending losses for a second consecutive day targeting €1.10.
Brexit remains the key driver for the Pound. As Brexit reaches the end game volatility in the Pound has picked up. There is still no trade deal between the two sides and significant difference remain which is dragging on the pound.
If there is no deal by Wednesday, Michel Barnier and David Frost are expected to call the process off.
The Euro performed well versus the Pound in the previous session after better than forecast German manufacturing data and Eurozone investor sentiment data.
The Eurozone economic calendar will remain in focus with Q3 GDP third estimate data and ZEW German sentiment figures in focus.