GBP/EUR: Pound Steady vs Euro Ahead Of BoE Rate Decision

The Pound Euro (GBP/EUR) exchange rate is building on gains as it targets €1.15.

The Pound remains well supported by lockdown easing optimism amid a rapid covid vaccination rollout.

The Prime Minister is expected to announce the path out of lockdown next Monday 22nd February, raising hopes of a speedy economic recovery.

There is no high impacting UK economic data due today.

The Euro started the week on the back foot following dovish comments from the President of the Eurogroup.

Attention will now turn to ZEW German economic sentiment data and Q4 GDP data for the Eurozone.