GBP/EUR: Will Eurozone GDP Data Pull Euro Lower?

The pound euro (GBP/EUR) exchange rate is holding steady above €1.1250 after small losses yesterday.

The pound slipped in quiet trade as the UK and the EU pledged to keep talking to find a solution to the Northern Ireland Brexit trade problem.

Today UK jobs data is in focus and is expected to show that unemployment stayed at 3.7% in the three months to November and wages excluding bonuses rose again to 6.3%, up from 6.1%.

The euro has been supported by falling gas prices and easing recession fears. Today attention will be on German ZEW economic sentiment which is expected to improve to -15 from -23.5.

The final reading of German inflation is also expected to confirm that consumer prices cooled in December to 9.6%.