GBP / EUR: pair weakens from weekly high

The euro pound exchange rate (GBP / EUR) is down slightly after hitting its highest level in one week on Wednesday.

The British pound rose in the previous session in terms of trade risk as fears surrounding Omicron eased.

The mood of the market improved even as cases exceeded 100,000 per day. However, data continues to suggest that Omicron is less severe than Delta.

The euro fell against the British pound but appreciated against the US dollar. Inflation in the region has shown no signs of slowing down.

France’s PPI, which measures inflation at the wholesale level, rose 3.5% month-on-month in November.

German imports and Spanish GDP could attract attention.

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