GBP/EUR: Pound Tumbles vs. Euro As Brexit Project Fear Steps Up A Gear

The pound euro (GBP/EUR) exchange rate is treading water on Wednesday after two days of losses.

The pound has risen despite a quiet week for data. Today the Halifax housing index showed house prices fell at the fastest clip since 2008 financial crisis.

The euro flat despite stronger than expected German industrial output data, which showed that production slipped 0.1%, ahead of the -0.5% forecast.

German factory orders also rose ahead of forecasts, rebounding from a 4% MoM drop in September to a 0.8% rise in October.

Eurozone GDP data is expected to confirm the initial reading of 0.2% QoQ for Q3.