GBP/USD: Pound Stronger vs Dollar Ahead Of Brexit Vote

The pound euro (GBP/EUR) exchange rate is heading higher for a second day.

The pound is rising after GDP rose 0.3% MoM in November, up from -0.3% in October. UK GDP needs to hold above 0% in December for the UK to avoid a recession.

UK unemployment and inflation data are due next week and could provide further clues on rate cut expectations.

The euro is slipping amid a quiet economic calendar. Attention is on EB Chief Economist Philip Lane, who is due to speak.

His comments come after ECB President Christine Lagarde said that the ECB would cut rates when they were sure inflation was at 2%.