GBP/EUR: Pound Shakey vs. Euro Ahead of Brexit Bill Debate

The Pound Euro (GBP/EUR)exchange rate is heading higher on Wednesday towards €1.18.

The Pound received a boost in the previous session from encouraging UK labour market data. A record number of jobs were created, and the unemployment rate slipped to 4.5%.

All eyes are on UK GDP data which is expected to reveal that economic growth slowed in the three months to August to 3%, down from 3.6%.

The Euro slipped following much weaker than forecast ZEW economic sentiment in both Germany and the broader Eurozone.

German inflation data is due today and expected to show 4.1% in September YoY.