GBP/EUR: Brexit Extension & EU Trade Tariffs In Focus

The Pound Euro (GBP/EUR) exchange rate is just a point higher at the start of the week.

The Pound rose on Friday despite economic growth stalling in October. The GDP for October rose just 0.1%, down from 0.6% in September and missing the 0.4% forecast.

There is no UK data today, but there is plenty of data across the week including unemployment, inflation and retail sales, in addition to the BoE interest rate decision.

The Euro fell versus the Pound last week even after German inflation reached an almost 30-year high at 5.2%.

ECB President Christine Lagarde was clear that the central bank was unlikely to raise interest rates in 2022.

There is no high impacting Eurozone data today. The ECB interest rate decision is on Thursday.