GBP/EUR: Gloomy Brexit News Weigh On Pound vs. Euro

The Pound Euro (GBP/EUR) exchange rate is ticking higher after a flat close in the previous session.

The pair had ticked as high at €1.1818 a fresh 11 month high in the previous session even thought covid cases in the UK are rising and there is little on the data front to drive the Pound.

The Euro is trading under pressure after weaker than forecast Eurozone Sentix investor sentiment.

Today all eyes are on Eurozone and German ZEW economic sentiment data.  German economic sentiment is expected to show a decline to 57 in August from 63.3 as the pace of the economic rebound slows.