The Pound Euro (GBP/EUR) exchange rate is advancing, pushing back above €1.17.
The Pound reached a fresh 12 month high in the previous session on reopening optimism. However the Pound was unable to maintain its peak following a more dovish message from BoE’s Gertjan Vlieghe.
There is no high impacting UK data due to be released so sentiment will likely drive movement.
The Euro traded under pressure at the start of the week as covid cases continued to rise on the old continent.
Attention will now turn to Eurozone economic sentiment data, which is expected to show a slight tick higher to 96 in March, up from 93.4. German inflation is also due.
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