The Pound Euro (GBP/EUR) exchange rate is moving cautiously lower, paring Monday’s gain. GBP/EUR trades -0.06% at €1.0815.

British Prime Minister Boris Johnson’s internal markets bill cleared the first hurdle in Parliament, with a majority backing of 340 -263.

Attention will now turn towards the ILO employment report, which is not expected to paint a very accurate picture, given that those on furlough are not counted as unemployed.

The Euro has shown resilience after the Bank of France said that the downturn in France hadn’t been as bad as initially feared.

German ZEW sentiment data is in focus.