GBP/EUR: Pound Perks Up On Post Brexit US - UK Trade Deal Talk

The Pound Euro (GBP/EUR) exchange rate is edging lower, extending losses for a second straight session.

The Pound lost ground despite UK inflation surging to 2.5% in June YoY, up from 2.1% and ahead of the BoE target of 2%.

Attention will now turn to UK unemployment data which is expected to hold steady at 4.7%.

The Euro rallied hard on Wednesday thanks to US Dollar weakness after Federal Reserve Jerome Powell said that the US economy was still a way from where the Fed wan t it to be to tighten monetary policy.

There is not high impacting Eurozone data due today.