The Pound Euro (GBP/EUR) exchange rate is rebounding after falling to €1.18 on Thursday.
The Pound dropped in the previous session as Brexit tensions continue to rise. The UK government is reportedly considering triggering Article 16 which would allow the UK to stop following parts of the Northern Ireland protocol.
With no data to focus on, Brexit will remain a key driver.
The Euro bounced higher following the ECB monetary policy meeting. As expected, there were no changes to policy. President Christine Lagarde pushed back on rate hike expectations. The ECB still consider inflation to be transitory even at 13-year high levels.
Eurozone and German GDP & Eurozone CPI data are due today.