pound-sterling-gbp-coin - GBP

The Pound Euro (GBP/EUR) exchange rate is building on 9 straight days of gains .

The Pound remains well supported by the vaccine rollout and reopening plans for the UK.

Signs of rising tensions between the UK and the EU over financial services post Brexit adds some pressure.

The Euro rebounded off session lows as the US Dollar weakened in the US session on more dovish commentary from Fed Chair Powell.

German and Eurozone consumer confidence is due to be released. Both are expected to show a slight improvement in sentiment even amid the slow vaccine programme and extended lockdowns.