The Pound Euro (GBP/EUR) exchange rate is edging lower on Friday after mild gains in the previous session.
The pair is set to end the week roughly flat after a steep selloff in the previous week. The Pound has struggled to find demand despite the UK economy’s upbeat outlook.
Concerns over Brexit particularly the Northern Ireland border and Scottish independence calls could be dampening the mood towards the currency.
The Euro has picked up in recent weeks amid hopes of a quicker vaccine rollout in the region and a quicker economic recovery.
German inflation data was in line with forecasts, rising to 1.7% YoY.
Eurozone inflation and trade balance data will be in focus today.