GBP/EUR: Will Eurozone Inflation Pull Euro Lower?

The Pound Euro (GBP/EUR) exchange rate is treading water on Thursday

The Pound rose yesterday after a brief stint lower following the release of the party gate report. Once it was clear that PM Boris Johnson was not going to resign, the pound recovered.

BoE’s Hue Pill said that the BoE should hike rates further even if it means tipping into recession.

There is no high impacting UK data due to be released today.

The euro eased lower yesterday after a strong start to the week. Investors ignored a mild up grade to GDP data to 3.8% YoY, up from 3.7%.

German GFK consumer confidence as also ahead of forecast.

There is no high impacting Eurozone data due to da