GBP/EUR: Pound Stready Ahead Of Tuesday's Key Brexit Vote

The Pound Euro (GBP/EUR) exchange rate is extending gains for a third straight session on Friday, although is due to end the week at the same level it started.

The Pound was supported on Thursday by data revealing that activity in the UK service sector expanded at the fastest pace in 24 years at 62.9 on the index. This was up from 61 in April.

The Euro has come under pressure owing to the stronger US Dollar, even though Eurozone PMI data was encouraging.

Attention will now turn to Eurozone retail sales data. Analysts expect retail sales to decline -1.2% month on month in April, after jumping 2.5% in March.