GBP/EUR: Brexit Extension & EU Trade Tariffs In Focus

The Pound Euro exchange rate is extending gains on Friday, pushing back over €1.1050 to €1.1070 at the time of writing.

Covid statistics and vaccine rollout news are a central focus for the Pound.

News that the vaccine rollout programme in the UK is accelerating boosted demand for Sterling. The update came as the UK recorded its highest number of Covid deaths yet.

The UK jobs market showed signs of revival in December, although with another national lockdown the road to recovery could be long.

The Euro slipped on Thursday amid a strong USD, as US treasury yields jumped on hopes of additional US stimulus.

Eurozone inflation disappointed over shadowing strong German factory orders.

Attention will now turn to German trade data and Eurozone unemployment figures.