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GBP/EUR: Pair holds steady near €1.16

GBP/EUR: Brexit Nerves Weigh On Pound

The pound euro (GBP/EUR) exchange rate is unchanged at the start of the week.

The pound is unchanged as investors weigh up UK house price data and ahead of key UK inflation figures later this week.

UK house prices fell 1.3% in July after an unusually large decline in the previous 4-weeks.

UK inflation data is due on Wednesday and is expected to show that inflation remained at 3.7% well above the BoE’s 2% target.

The EUR is falling ahead of the Trump-Zelensky meeting today to discuss peace with Russia.

Eurozone PMI data is due on Thursday and will be of interest after Q2 GDP expanded just 0.1% QoQ.

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