gbp-british-pound-coins - GBP

The Pound Euro (GBP/EUR) exchange rate is heading higher, picking up off €1.1950.

The Pound edged lower in a dull session. The Pound brushed off rising shopper numbers. Meanwhile, the political storm in London continues to brew after the party in Downing Street when the UK was in lockdown.

Today UK unemployment data is expected to tick lower in the three months to November to 4.1%.

The Euro lacked fresh catalysts in the previous session with a quiet Eurozone economic calendar and the US closed for Martin Luther King Day.

Today German ZEW economic sentiment data is in focus and is expected to show a slight improvement in January to 32.7, from 29.9.