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

The Pound Euro exchange rate is heading higher on Thursday.

The Pound was supported in the previous session after data revealed that the UK economy grew faster in August, the first full month open after the pandemic. Services were the biggest contributor to economic activity as bars and restaurants reopened inside.

Today there is no high impacting UK economic data. A speech by BoE’s Tenreyo could attract some attention in addition to Brexit developments.

The Euro initially slipped before clawing back lost ground. Industrial production numbers for the region showed that the supply chain issues were starting to bite. Output rose 5.1% in August, down from 8% in July.

There is no high impacting Eurozone data due today.