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

The Pound Euro (GBP/EUR) exchange rate is bouncing higher at the start of the week, rebounding off a three month low hit on Friday.

News that the EU and the UK will continue post Brexit trade talks, missing Sunday’s deadline, has boosted hopes that a last minute trade deal might be reached. There are just three weeks until the transition period ends. Brexit headlines will continue driving the Pound

The Euro is under pressure as Germany prepares to go back into a hard lockdown over Christmas as covid cases and deaths reach record levels.

Eurozone industrial production is due, expectations are for 2% MoM growth.