GBP/USD: Pound Sinks Lower With Low UK Retail Sales

The Pound Euro exchange rate is edging lower, snapping a two day winning streak.

The Pound has trended higher over recent sessions supported by the accelerating pace of the covid vaccine roll out in Britain. However the mood is souring on Frida.

UK retail sales data will be in focus and is expected to rebound in December after falling steeply in the lockdown month of November.

Manufacturing and service sector PMI data will be in focus for both the Eurozone and the UK. Bother regions are expected to show resilience in the manufacturing sector but a deeper contraction in the service sector amid lockdowns.