GBP/EUR: Brexit Hopes Keep Pound Elevated Above Euro

The Pound Euro (GBP/EUR) exchange rate is edging a few pips higher and is set to book gains of around 0.2% across the week.

The Pound has been supported by expectations that the BoE will move to hike interest rates potentially as soon as this year.

There is no high impacting UK data due to be released.

The Euro found support from the weaker US Dollar. The common currency showed resilience despite Germany’s economic growth forecast being slashed to 2.4%.

The Eurozone balance of trade is due.