GBP/EUR: UK Politics & German Sentiment Data To Drive Movement

The pound euro (GBP/EUR) exchange rate is holding steady on Thursday after two days of gains.

The EUR was flat after the ECB left rates unchanged at 2% for a second straight meeting as policymakers assess the impact of the US-EU trade deal on the economy.

Policymakers are divided over how the agreement could impact the economy. Some believe it could be inflationary, and others are concerned about the impact on growth.

The pound is unchanged even as signs of weakness show up in the housing market. The latest RICS survey revealed a slowing housing market amid uncertainty over the UK economic outlook.