GBP/EUR: Pound Shakey vs. Euro Ahead of Brexit Bill Debate

The Pound Euro (GBP/EUR) exchange rate is holding steady in early trade on Monday, keeping above €1.16.

The Pound was supported by a stream of better than expected data in the previous week; the same week than lockdown restrictions in the UK eased further.

This week looks set to be much quieter on the UK economic calendar with just public sector net debt on Tuesday.

Covid cases are starting to rise again which could unnerve sterling investors.

The Euro was supported by a weaker US Dollar, easing restrictions and  strong PMI data in the previous week.

There is no high impacting Eurozone data today. German GDP & IFO Business Confidence tomorrow will be in focus.