GBP/EUR: Brexit Nerves Weigh On Pound

The pound euro (GBP/EUR) exchange rate is falling for a sixth straight day.

The euro is rising despite retail sales falling -0.5% Month over Month in February and a downward revision to January sales to 0%. A consumer-led recovery to the economy looks unlikely.

German factory orders rose 0.2% MoM in February after falling -11% in January.

The ECB rate decision is next week.

The pound drifted lower across the week. Today, data showed that UK construction activity returned to growth, albeit weak growth, for the first time in seven months.

UK house prices also fell for the first time in 6 months, according to Halifax data.