GBP/EUR: Euro Falls Ahead of ECB Decision

The Pound Euro (GBP/EUR) exchange rate is ticking higher after a quiet start to the week

The Pound is on the rise on news that the UK will continue along its reopening path on 19th July, easing almost all covid restrictions.  The news comes as new daily covid cases top 34,000 on Monday.

There is no high impacting UK data due today. Investors will look ahead to tomorrow’s inflation data.

The Euro held steady after ECB President Christine Lagarde announced that the ECB could adjust its guidance at the July meeting. The announcement came after the ECB raised its inflation target to 2% last week.

German inflation for June will be in focus, with expectations of 2.3%, year on year.