GBP/EUR: Pound Rallies Ahead Of BoE Announcement

The Pound Euro (GBP/EUR) exchange rate is holding steady at the end of the week.

The Pound found support from optimism that the UK government could offer support to struggling families and businesses.

Today UK retail sales are in focus, and are expected to fall -0.2% MoM, after falling -1.4% YoY.

The Euro is holding steady after the ECB minutes showed a slightly more hawkish stance from the ECB.

Today German PPI inflation and eurozone consumer confidence are in focus.