The Euro was little changed at $1.0629, on Tuesday, December 13, having gained 0.7 percent on Monday as German bund yields rose amid signs Italy will bail out Italian bank Monte dei Paschi di Siena if need be.
Meanwhile, the Pound Sterling closed higher against the Euro today with the exchange rate aided higher by the release of inflation data which shows prices are rising at a faster-than-anticipated rate.
The GBP/EUR exchange rate is looking intent on piercing above the 1.20 level at present – something it has been unable to do since September.
Sterling inched higher, helped by comments from Chancellor Philip Hammond backing a transition period to smooth the process of leaving the European Union.
