GBP/EUR: Gloomy Brexit News Weigh On Pound vs. Euro

The pound euro (GBP/EUR) exchange rate is edging a few pips lower after a relatively flat end to last week.

The pound is under pressure amid concerns over the economic outlook ahead of the Chancellor’s fiscal statement on Thursday.

The housing sector is showing signs of weakness as prices fall 1.1% MoM in November.

The euro is edging higher after Russian soldiers retreat from Kherson, raising hopes of negotiations.

Eurozone industrial production data is expected to show output rose 0.3% MoM in September, after rising 1.5% in August.