GBP/EUR: Euro Jumps vs. Pound As German Coalition Averts Collapse

The Pound Euro (GBP/EUR) exchange rate is edging a few points higher after solid gains yesterday

The Pound shot higher in the previous session after a more hawkish than expected BoE meeting. The UK central bank kept monetary policy unchanged. However, the vote to leave QE unchanged saw another dissenter.

The BoE now expected inflation to temporarily move above 4% by the end of the year sand could raise interest rates before the QE program concludes.

The Euro came under pressure after data revealed that rising prices were dampening business activity in the bloc.

German IFO economic sentiment data is due.