GBP/EUR: Brexit Nerves Weigh On Pound

The Pound Euro (GBP/EUR) exchange rate is edging lower after strong gains yesterday.

The euro came under pressure despite the ECB adopting a more hawkish stance and hinting towards to a 0.25% rate rise in July and a 0.5% rate rise in September.

The central bank slashed its growth outlook to 2.8% whilst raising the inflation outlook to 6.8%.

The pound rose after Prime Minister Boris Johnson set out plans to boost the economy. This comes after the OECD warned that the UK would see the slowest growth in the G7.

There is no high impacting UK data due today.