GBP/EUR: Pound Lower vs. Euro As No Brexit Plan B Agreed

The Pound Euro (GBP/EUR) exchange rate is edging lower after a flat finish in the previous session.

Brexit ups and downs continue to drive the Pound as the end of the transition period moves closer. The latest headlines suggest that differences over fishing could result in a no deal Brexit.

UK retail sales are due to decline -4.5% month on month in November reflecting the impact from the lockdown restrictions.

The Euro has been supported across the week by a softer US Dollar and vaccine optimism as the EU is set to expedite the covid vaccine approval.

IFO German sentiment data is in focus.