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

The Pound Euro (GBP/EUR) exchange rate is holding steady after hitting a 23 month high yesterday.

The Pound pushed higher on Monday as concerns over Omicron eased and as investors bet on the BoE raising interest rates at the February meeting.

Today there is no high impacting UK data.

The Euro weakened in the previous session on the back of a strong USD and despite encouraging investors sentiment data.

Investor morale unexpectedly jumped in January to 14.9, up from 13.5. Analysts had forecast confidence would decline to 12.

There is no high impacting Eurozone data. A speech by Christine Lagarde will be closely watched.