GBP/EUR: Pound Tumbles As PM May Clings To Power

The Pound Euro (GBP/EUR) exchange rate is ticking a few points lower on Thursday after mild losses yesterday.

The Pound trades under pressure despite Prime Minister Boris Johnson announcing plans to end mandatory self isolation with COVID at the end of the month.

Today BoE’s Andrew Bailey is due to speak and could shed some light on the BoE’s next moves for monetary policy.

The Euro is finding support from a slightly weaker US dollar ahead of the key inflation data.

ECB speakers and the European Commissions economic forecasts are like to influence the  euro today.