14 February, 2020
The EUR/GBP inched lower on Friday morning, trading at 0.8307, stabilising this morning somewhat after recent sharp losses which saw the Euro trade at yearly lows against a basket of other currencies as concerns about a sharp rise in the number of new cases in the coronavirus outbreak in China led investors to seek out U.S. assets. The GBP meanwhile jumped yesterday after UK Chancellor Javid resigned, leading investors to believe that Prime Minister Johnson may have some tax cuts in store, which the Chancellor may have opposed. Later in Germany, fresh GDP data for quarter four of 2019 will be released at 7:00 GMT. In the Eurozone, Q4 GDP data will be released at 10:00 GMT.