GBP/EUR: Pound Steady Ahead Of UK Jobs Data

The Pound Euro (GBP/EUR) exchange rate is edging higher for a second straight session in a quiet week for the pair.

The Pound has been supported in recent sessions by the Bank of England distancing itself from the imminent use of negative interest rates and by the speedy covid vaccine rollout.

The number of people who have received heir first vaccine hit 13 million. The number of new daily cases slid to 13,000. However, there has been no guidance over the easing of lockdown restrictions.

German inflation ticked higher in January MoM by 0.8% as initially expected. On an annual basis , CPI rose 1%.

The EU has been slow to rollout the covid vaccine which raises concerns over how quickly economic growth will return.