gbp-euro-coins - GBP/EUR

The Pound Euro (GBP/EUR) exchange rate is climbing higher, extending gains for fourth session.

The Pound pushed higher after Prime Minister Boris Johnson laid out his plans to end covid restrictions in two weeks’ time.

The UK service sector continued it strong post covid rebound, adding to the upbeat mood surrounding the Pound.

The Euro slipped on Monday even though economic data revealed a solid rebound in the blocks’ economic activity as covid restrictions eased. Business activity grew at the fastest pace in 15 years.

Separately Eurozone Sentiment Index rose for a fifth straight month in July to 29.8, up from 28.1 in June.

Economic data will remain in focus with German factory order and ZEW sentiment data. The ECB could also start an extraordinary meeting.