eur-bank-notes-magnifying-glass - EUR

The Pound Euro (GBP/EUR) exchange rate continues to build on gains on Thursday pushing back above €1.13.

Optimism surrounding the UK vaccine programme is keeping Sterling supported. The UK is leading the vaccine rollout race in Europe. Boris Johnson has also dismissed demand from Brussels to take 75 million vaccines made in the UK to make up for a shortfall in production in the EU.

The Euro remains under pressure as ECB sources hint at negative interest rates.

Data from Germany has also been disappointing with German consumer confidence falling very short of forecasts.

German CPI and Eurozone consumer sentiment figures will be in focus.