GBP/EUR: Brexit Extension & EU Trade Tariffs In Focus

The Pound Euro (GBP/EUR) exchange rate is pushing higher, extending gains from last week.

The Pound found support across the previous week on rising inflation expectations as the energy crisis deepened and the BoE looks likely to move to hike rates sooner. There was little in the way of economic data for investors to digest.

This week sees the release of UK unemployment data on Tuesday.

The Euro dropped following the release of ECB minutes in which the central bank said that it was looking into another bond purchase programme when the current PEPP programme expires.

There is no high impacting Eurozone data due today ZEW economic sentiment numbers will be in focus on Tuesday.