The Pound Euro (GBP/EUR) exchange rate is edging a few pips higher after a flat finish on Monday.

The Pound is being underpinned ahead of a Brexit vote in Parliament and by the prospect of the government complying with its accelerated covid vaccine rollout program. The quicker the adult population is vaccinated, the faster the UK economy can reopen.

There is no UK data due to be released today. UK inflation data tomorrow could help to boost the Pound.

The Euro has traded under pressure recently on the back of a strengthening US Dollar.

German inflation data along with German ZEW economic sentiment data will be in focus.