GBP/EUR: Pound Steadies After Heavy Fall vs. Euro As May Vows To Stay

The Pound Euro exchange rate is edging steadying after steep losses in the previous session.

The Pound pared early gains on Monday amid rising concerns over the jump in COVID cases. The number of recorded infections rose to 49,156 on Monday, the largest one day increase since July 17th.

There is no high impacting UK data. However, BoE Governor Andrew Bailey is due to speak.

The Euro managed to pare earlier losses on Monday to finish the day in the black as the US Dollar eased lower.

There is no Eurozone data due either. However, ECB speakers will be in focus, particularly as the ECB appears to be less concerned about elevated inflation.