GBP/EUR: Pound Heads Higher As EU To Mull Over Brexit Extension

The pound euro (GBP/EUR) exchange rate is falling but is set to rise across the week.

The pound rose across the week after the BoE left rate unchanged and policymakers surprised with a more hawkish vote than expected.

Today, BoE chief economist Huw Pill warned that the central bank was still some distance from cutting rates.

The euro is rising today after stronger than expected French industrial production at 1.1%.

However, the euro is set to fall across the week as the market bets the ECB will be one of the first central banks to cut rates.