GBP/EUR: Brexit Nerves Weigh On Pound

The Pound Euro (GBP/EUR) exchange rate is moving lower at the start of the week, extending losses from last week.

The euro is finding support from reports of progress in Russian, Ukraine talks and more talks are planned for this week.

Last week the ECB took a more hawkish than expected stance, with plans to end the asset purchase programme sooner.

This week it is the turn of the BoE, which is due to announce its monetary policy decision on Thursday amid broad expectations of a rate third consecutive rate hike.