GBP/EUR: Brexit Extension & EU Trade Tariffs In Focus

The pound euro (GBP/EUR) exchange rate is attempting to recover some over yesterday’s steep losses.

BoE’s Govenor Andrew Bailey unnerved the markets saying that just three days of support in the gilt markets remain. Today the central bank is reportedly being more flexible.

UK GDP data is in focus and is expected to slow to 0% MoM in August.

The euro will look ahead to industrial production which is expected to rise 0.6% MoM in August after falling -1.2% in July.

ECB’ President Lagarde is also due to speak.