GBP/EUR: Pound Stready Ahead Of Tuesday's Key Brexit Vote

The Pound Euro (GBP/EUR) exchange rate is pushing higher towards €1.20, after small losses on Wednesday.

The Pound edged lower in the previous session as calls grew louder for Prime Minister Boris Johnson to resign. After admitting attending a party at his residence in May whilst the rest of the UK was in lockdown.

There is no high impacting UK economic data so developments in Downing Street will be in focus.

The euro gained thanks to a weak USD and despite mixed data from the Eurozone.

German wholesale inflation unexpectedly fell in November to 16.1%, down from 16.6%. Meanwhile industrial production unexpectedly jumped to 2.3% MoM, after slumping -1.3%.