euro-bank-notes - EUR

The Pound Euro (GBP/EUR) exchange rate fell sharply lower yesterday and is edging a few points lower again today.

The Euro was boosted by hopes of progress in Russian, Ukraine peace talks after Russia agreed to pull back from Kyiv. This news overshadowed disappointed German consumer confidence which dropped to its lowest level in a year.

Today peace talks and German inflation data will be in focus. Inflation is expected to rise to 6.7% YoY.

The Pound is drifting lower, with no economic data, it trades on sentiment. BoE’s Broadbent is due to speak.