GBP/USD: Pound Falls From 10 Month Peak As Extension Vote Eyed

The Pound Euro (GBP/EUR) exchange rate is holding steady for a second consecutive day.

The Pound struggled for direction on Tuesday after public sector net borrowing data revealed that government borrowing had declined by £5.5 billion. However, interest payments had shot up to £2.9 billion, well ahead of forecasts.

Investors will now look ahead to tomorrow’s BoE interest rate decision, no change in policy is expected.

The Euro has struggled for direction this week amid a lack of fresh catalysts. Attention will be on the Eurozone consumer confidence print later, which is expected to confirm the third consecutive monthly fall in consumer morale.