GBP/EUR: Pound Steadies After Heavy Fall vs. Euro As May Vows To Stay

The Pound Euro (GBP/EUR) exchange rate is climbing higher on Monday.

The Pound is benefitting from upbeat manufacturing and business investment reports from PWC and Deloitte respectively.

However, Brexit woes are capping gains in sterling as Brexit Minister Liz Truss said that triggering Article 16, ending co-operation with the EU over Northern Ireland, was still a possibility.

The Euro rose on Friday after data showed that Eurozone inflation reached a record 5% in December YoY as energy prices continued to rise.

Today the Euro is falling as attention turns to Eurozone Sentix investor confidence data, which is expected to decline to 12 in January, down from 13.5.