GBP/EUR: Pound Eases vs Euro Despite Escalating Italian Fears

The Pound Euro (GBP/EUR) exchange rate is edging a few pip lower on Wednesday.

The Euro has been under pressure in recent sessions amid a slow vaccine rollout and the suspension of the AstraZeneca covid vaccine on the back of health fears. The EU regulatory body released a preliminary statement given the vaccine the all clear.

Eurozone inflation data is expected to show a 0.2% MoM increase.

The Pound traded mixed versus its major peers after BoE Governor Andrew Bailey commented that the central bank will continue purchasing bonds across the year. There is no major UK data. All eyes move to the Bank of England interest rate decision on Thursday.