The Pound Euro exchange rate is treading water, after booking mild losses on Monday.

The Pound slipped in the previous session as British Prime Minister Boris Johnson pushed back the final lifting of lockdown restrictions by 4 weeks.

Today attention is back on the economic calendar with the release of ILO unemployment figures. Unemployment is expected to slip to 4.7%. Investors will be hopeful of another negative clamant count reading.

The Euro perked up on Monday thanks to the weaker US Dollar and encouraging Eurozone industrial production numbers.

Investors will now look towards the release of German inflation numbers and Eurozone trade balance.