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

The Pound Euro (GBP/EUR) exchange rate is edging higher for a a second day.

The pound gained in the previous session after an upward revision to UK economic growth in Q4 2021 to 1.3%, from 1%.

UK manufacturing PMI is due to confirm the slight slowdown in growth in March.

The euro came under pressure after pec=ace talks stalled and following mixed data. German retail sales rose by less than expected at 0.3% MoM but eurozone unemployment fell to a record low.

Today Eurozone inflation will be under the spotlight. Analysts expect consumer prices to rise 6.6% YoY in March, up from 5.9% in February.