GBP/EUR: Pound Stumbles vs. Euro As Brexit Deal Hopes Fade

The Pound Euro (GBP/EUR) exchange rate is pushing higher for a second straight day.

The Pound gained yesterday after inflation unexpectedly rose to 5.5% YoY in January, prompting expectations of another rate hike soon by the BoE.

There is no UK data due to be released today.

The euro fell yesterday and is falling again today as Russia, Ukraine tension rise again. NATO has questioned whether Russia is withdrawing troops, as it claimed it was.

Eurozone industrial production unexpectedly rises 1.6% YoY. There is no high impacting eurozone data due to day.