GBP/EUR Rates Flat During Monday’s Trading (Matthew Vassallo)

GBP/EUR rates have remained flat during Monday’s trading and with little economic data of note out for the UK this week, any spikes on GBP/EUR are likely to come from the Eurozone data released on Thursday and Friday.

Sterling has made small gains over the past couple of days, moving back up towards 1.27 on the exchange but I do not anticipate this trend to continue, as Sterling had come under pressure last week following a run of inconsistent data.

On Thursday we have Eurozone Consumer & Industrial Confidence figures, followed on Friday by inflation data and unemployment figures, which are usually a key market mover.

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