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

The Pound Euro (GBP/EUR) exchange rate is rising on Monday, recouping losses from last week.

The Pound is rising versus the euro but trading lower versus the US Dollar on fears of the Russia, Ukraine conflict escalating.

There is no UK economic data today and the calendar is quiet across the week. BoE policymakers are due to speak.

The euro pushed higher on Friday thanks to the German economy contracting less than feared in the fourth quarter and stronger than forecast eurozone economic sentiment.

Today all eyes are on Ukraine as the Russian invasion ramps up.