gbp-british-pound-coins - GBP

The Pound Euro (GBP/EUR) exchange rate holding steady above €1.17 after a flat finish in the previous session.

The Pound barely moved in the previous session as optimism surrounding recent covid numbers was offset by concerns over the government next move.

Today all eyes are n the UK unemployment data for clues of the health of the labour market ahead of the furlough scheme winding down at the end of the month.

The Euro came under pressure following dovish comments from ECB official Isabel Schnabel.

Attention now turns to the final CPI read for August which is expected to confirm a 1.9% year on year increase.