GBP/EUR: Pound Steadies After Heavy Fall vs. Euro As May Vows To Stay

The Pound Euro (GBP/EUR) exchange rate is holding steady at the start of the new week.

The Pound is holding onto gains from the previous week as investors continue to shrug off disappointing GDP growth from Friday (and a disappointing Euros2020 result yesterday!).

Attention now will be on Prime Minister Boris Johnson who is due to set out the plan to easing more covid restrictions next week.

The Euro slipped last week after the minutes from the latest ECB meeting reaffirmed the central bank’s dovish stance.

A win by the Italians in the Euros2020 fails to boost the common currency at the start of the week.

There is no high impacting data due today so sentiment is likely to drive the common currency.