GBP/EUR: Pound Heads Higher As EU To Mull Over Brexit Extension

The Pound Euro (GBP/EUR) exchange rate is moving lower, extending losses for a 4th consecutive session.

UK labour market data revealed a mixed picture. Unemployment ticked lower to 5% in the three months to January, significantly better than the tick higher to 5.2% that was expected.

The claimant count, however, surged higher to 86,600 in a concerning development, this was well over the 9000 expected.

Today inflation data along with manufacturing and services sector PMIs are due to be released.

The Eurozone is also due to release PMI data for the manufacturing and service sector.

The Euro has broadly traded mixed versus its peers as more countries in the bloc.