GBP / EUR: The pound seems to recover from small losses

The exchange rate for the euro pound (GBP / EUR) is up towards € 1.20, after small losses on Wednesday.

The pound fell slightly in the previous session, as calls grew for Prime Minister Boris Johnson to step down. After admitting to attending a party at his residence in May when the rest of the UK was on lockdown.

There is no high impact economic data in the UK, so developments in Downing Street will be the center of attention.

The euro gained on a weak US dollar and despite mixed data from the euro area.

German wholesale inflation unexpectedly fell in November to 16.1% from 16.6%. Meanwhile, industrial production unexpectedly surged to 2.3% MoM, after falling -1.3%.

Previous Electrification of company cars and necessary tax reform in France
Next Global Equities Pull Back as Inflation Hints at Fed Rate Hike | Your money