GBP/EUR: Brexit Gloom Weighs On Pound vs Euro

The Pound Euro (GBP/EUR) exchange rate is falling for a second day.

The Pound dropped in the previous session as concerns surrounding Omicron rose again. The UK announced the first death caused by Omicron.

Today the focus is back on the economic calendar with the release of unemployment data. Unemployment is expected to fall to 4.2% from 4.3%.

The Euro rose on Monday after German wholesale inflation jumped to 16.9%, the highest level since records started in 1962. The data suggests that consumer inflation will continue rising.

Today Eurozone industrial production data is expected to shoe out put growth sowed to 3.4% in October.