GBP/EUR: Will Eurozone GDP Data Pull Euro Lower?

The Pound Euro (GBP/EUR) exchange rate is consolidating gains above €1.17, after four straight winning sessions.

The Pound remains buoyant amid the ongoing success of the vaccine rollout programme and as covid cases and deaths continue to fall dramatically.

UK Q4 GDP, the final reading will be in focus. Analysts expect of 1% QoQ growth, confirming the earlier reading.

The Euro remains down in the doldrums amid a deteriorating covid situation across the block. With covid cases on the rise, France threatening a tighter lockdown and the vaccine programme sluggish, demand for the common currency has declined.

Eurozone CPI & German unemployment data will be in focus.