GBP/EUR: Pound Shakey vs. Euro Ahead of Brexit Bill Debate

The pound euro exchange rate is holding steady after mild losses yesterday.

The euro rose despite eurozone inflation rising less than forecast in September to 9.9%, up from 9.1% in August. Analysts forecast 10%.

Today German wholesale inflation is expected to cool slightly to 44.7% YoY, down from 45.8%.

The pound fell in the previous session, despite stronger than forecast UK inflation. CPI rose to 10.1% YoY in September, up from 9.9% in August, and a 40-year high.

The BoE are under pressure to hike rates at a faster pace to tame inflation that is five times the target level.

There is no high impacting UK data today.