GBP/EUR: Euro Jumps vs. Pound As German Coalition Averts Collapse

The Pound Euro (GBP/EUR) exchange rate is treading water at the start of the new week after 3 days of gains.

The Euro has traded under pressure recently amid US Dollar strength. Weaker than forecast Eurozone retail sales also did little to lift the common currency.

Eurozone retail sales declined a larger than forecast -3.1%.

German Factory orders are in focus and are expected to show 1% rise MoM in April. Investors will also be looking ahead to the ECB meeting on Thursday.

There is no high impacting UK data due to be released either today. Investors will continue watching covid numbers as the final easing of restrictions of 21st June looks uncertain.