The Pound Euro exchange rate (GBP/EUR) is edging cautiously higher, building on gains from the previous session.
Optimistic Brexit related comments from the newly elected Irish leader Michael Martin are helping to support the Pound on Tuesday. Although gains are being capped by concerns over the health of the UK labour market. The CBI survey revealed retail sector jobs are being slashed at the fastest pace in a decade.
The Euro slipped despite stronger than forecast German GDP & business confidence data in the previous session. There is no high impacting Eurozone data leaving the currency vulnerable to sentiment.
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