GBP/EUR: Euro Falls Ahead of ECB Decision

The Pound Euro (GBP/EUR) exchange rate is advancing after small losses on Tuesday.

The Euro failed to rise firmly despite German ZEW sentiment data rising for the first time since May. The broad expectation is that the slowdown will pass quickly.

Attention now turns to German inflation which is expected to rise to 4.5% year on year in October.

The Pound traded relatively flat in the previous session after the NIESR think tank warned over slowing growth and sticky inflation over the coming years.

There is no high impacting UK economic data. Attention will be turning towards Q3 GDP data due on Thursday.