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

The Pound Euro (GBP/EUR) exchange rate is heading higher, paring losses from the previous session.

Concerns surrounding the number of daily covid cases kept pressure on the Pound yesterday. New daily infections hit 20,000 on Tuesday. Although deaths remain low.

UK GDP data will be in focus. The 3rd revision of Q1 GDP could show a slightly improvement from -1.5% quarter on quarter contraction previously reported.

The Euro found some support from surging consumer confidence data. Economic morale in the region hit a 21 year high.

Attention will now turn to Eurozone inflation which is expected to just ease back slightly from 2% in May to 1.9% in June.