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

The Pound Euro (GBP/EUR) exchange rate is heading higher after falling 0.56% in the previous session.

The Pound fell in the previous session as Omicron concerns and falling footfall in city centres dragged.

Today the pound is picking up on optimism that the British government will wait for more data before imposing lockdown restrictions.

The Euro is falling after weaker German GFK consumer confidence data. Confidence has plunged to -6.8 on the index down from -1.8 as COVID cases and inflation surge.