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

The Pound Euro (GBP/EUR) exchange rate is extending gains for a second day on Thursday.

The Pound was boosted in the previous session by BoE Andy Haldane’s comments surrounding inflation, which he sees rising to 4% by then end of the year.

BoE Governor Andrew Bailey is due to speak later today.

The Euro trades under pressure amid a stronger US Dollar and as Eurozone CPI inflation declined for the first time in 9 months. Eurozone CPI slipped to 1.9% in June down from 2% in May.

Attention will now turn to German retail sales which are expected to rebound firmly to 5.5% in May as German re-opened its economy.