GBP/EUR: Pound Shakey vs. Euro Ahead of Brexit Bill Debate

The Pound Euro (GBP/EUR) exchange rate is pushing higher after a loss yesterday

The Pound recovered from session lows yesterday but still closed lower on the day.

The UK public sector swung into its first surplus since the start of the pandemic, albeit a smaller than expected surplus of £2.9 billion.

BoE’s Ramsden said that the BoE may need to raise interest rates again.

The Euro pushed higher yesterday, despite Russia, Ukraine headlines, after strong German IFO business sentiment which was at the highest level in 5 months.

German consumer confidence data is due today and is expected to improve to -6.3, up from -6.7.