GBP/EUR: Pound Eases As Parliament Prepares To Vote On Brexit

The pound euro (GBP/EUR) exchange rate is edging lower at the start of the week towards €1.1625.

The pound is edging lower despite stronger than expected UK GDP data. UK GDP jumped 0.5% MoM in October, after contracting -0.6% in September.

The data comes ahead of a busy week for UK economic data and the BoE rate decision.

The euro is rising after modest gains last week. There isa no high impacting eurozone data today, but there is plenty across the week including eurozone inflation figures and PMI data.

The ECB interest rate decision is also due on Thursday and the central bank is expected to raise rates by 50 basis points.