GBP/EUR Pound Falls Marginally But Remains Strong Over-All Versus Euro

The Pound Euro (GBP/EUR) exchange rate is pushing higher for a second session.

The Pound rebounded at the start of the week after steep losses last week.

Optimism surrounding the reopening of the UK economy drove the Pound higher.

Today attention will be on a deluge of data including UK monthly GDP for February, which is expected to show 0.6% growth.

The Euro traded mixed versus its major peers with better than expected retail sales underpinning demand. Retail sales rose 3% MoM in February, up from a -5.2% decline in January.

Attention will now turn to Eurozone and German ZEW economic sentiment data.