GBP/EUR: Brexit Gloom Weighs On Pound vs Euro

The pound euro exchange rate is edging lower towards €1.14 after hitting a high of €1.1467 last week.

The pound fell on Friday after retail sales unexpectedly fell in December by -1% MoM and November sales were revised lower to -0.5%, as high inflation meant shoppers reined in spending.

The pound did rise last week after inflation proved to be sticky and the jobs market solid.

Today the UK economic calendar is quiet, but PMI figures will be in focus tomorrow.

The euro fell last week despite hawkish comments from ECB President Christine Lagarde.

Today attention is on eurozone consumer confidence data which is expected to decline slightly to -22.5 in January, down from -22.2 in December.