GBP/EUR: Brexit Extension & EU Trade Tariffs In Focus

The Pound Euro (GBP/EUR) exchange rate is holding steady after 4 consecutive losing sessions.

The Pound came under pressure in the previous session as weak inflation data overshadowed upbeat PMI data.

Data revealed that UK inflation fell annually to just 0.4% amid heavy discounting for clothes.

PMI data was upbeat for both the UK and the Eurozone, helping investors look past the continued covid vaccine problems on the old continent.

There is no high impacting data due to be released today. Instead, speeches by BoE Governor Andrew Bailey and by European Central Bank President Christine Lagarde will be in focus.