GBP/EUR: Pound Steady Ahead Of UK Jobs Data

The Pound Euro (GBP/EUR) exchange rate is pushing higher for a second straight day.

The Pound rose in the previous session, recouping losses from earlier in the week when BoE Chief economist Hue Pill warned over hiking rates to quickly.

UK GDP data is due to be release and is expected to show 1.1% QoQ growth in Q4.

The Euro trades lower as the US dollar charges higher following the higher than expected US inflation data. The Euro trades inversely to the USD.

German inflation is due and is expected to show 4.9% rise year on year in January.