The pound euro (GBP/EUR) exchange rate is rising on Monday, adding to last week’s gains.
The pound is rising, supported by improved sentiment and reduced fiscal and political risk following November’s Budget.
Attention now turns to UK data, with unemployment figures due tomorrow and GDP on Wednesday. The euro is softer despite improving eurozone investor confidence, which rose to -1.8 in December, up from -6,2 and ahead of forecasts of -4.9.
Meanwhile, geopolitical concerns linger after renewed focus on Greenland, with U.S. and Danish officials set to discuss the territory later this week.
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