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

The Pound Euro exchange rate is ticking a few points lower but holds above €1.1950.

The Pound regained earlier losses on Monday as the market mood improved slightly on the news that Russia would continue talks with the US & NATO.

Today UK jobs data is in focus. Unemployment is expected to hold steady at 4.1% in December as Omicron hit the economy.

The Euro came under pressure yesterday after a dovish sounding ECB President Christine Lagarde.

Today, Eurozone Q4 GBP data and German ZEW economic sentiment figures will be in focus.