GBP/EUR: Brexit Extension & EU Trade Tariffs In Focus

The pound euro (GBP/EUR) exchange rate is easing back towards €1.14 after 4 consecutive days of gains.

The pound has been supported by hawkish comments from BoE’s Huw Pill who hinted at another rate hike in May.

Attention now turns to the UK services PMI data which is expected to confirm growth at 52.8.

The euro is rising after German factory orders jumped to 4.8% MoM in February, up from 0.5% in January.

Eurozone composite PMI data will also be in focus and is expected to confirm strong growth at 54.1.