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

The Pound Euro (GBP/EUR) exchange rate is edging lower paring some gains from the previous session.

The Pound rallied at the start of the week following hawkish comments from the BoE Governor. Andrew Bailey reiterated that the central bank could raise interest rates before ending the bond purchasing programme.

Today the Pound is easing lower as concerns over lorry driver shortages and fuel problems at the pumps are weighing on sentiment.

The Euro is advancing after GFK German consumer sentiment unexpectedly rose to 0.3 ion October, up from -1.1 in September. Analysts had forecast a steeper decline to -1.6.

ECB speakers, including ECB President Christine Lagarde are in focus today.