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

The pound euro (GBP/EUR) exchange rate is pushing higher on Tuesday for a fourth straight day.

The euro is falling despite hawkish commentary from ECB officials, such as Klaas Knot and De Cos who support further rate hikes.

Eurozone retail sales data is due and is expected to fall -0.8% MoM in February after rising 0.3% in January, as high prices continue to squeeze households.

The pound is advancing amid an upbeat market mood and after BRC retail sales rose 5.1% in March, after rising 5.2% in February.  This was well above the 3 month and 12 month average.

The pound rose last week after hawkish comments from BoE chief economists and stronger than forecast services PMI, which boosted bets that the BoE will hike rates again in May.