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

The Pound Euro (GBP/EUR) exchange rate is edging higher after solid gains on Monday.

The Euro slipped lower on Monday after ECB chief economist Philip Lane pushed back on the chances of a rate hike from the central bank.

Today German economic sentiment data is expected to show a decline in November to 19 from 22.3.

The Pound rebounded on Monday after slightly more hawkish commentary from the BoE, after the bank failed to raise interest rates last week.

Falling COVID cases are helping the mood towards sterling.

There is no high impacting data due today, but BoE Governor Andrew Bailey is due to speak.