The Pound Euro (GBP/EUR) exchange rate is edging higher on Tuesday, holding above €1.15.

The Pound rallied on reopening optimism in the previous session and following bullish comments from the Bank of England deputy governor Bill Broadbent. Broadbent expects the UK to experience a strong economic recovery.

There is no high impacting UK data due to be released today, sentiment is likely to drive the Pound amid a slew of big names reporting.

The Euro declined in the previous session following weaker than forecast German business sentiment data. Whilst sentiment improved in April it did so at a much slower rate than expected following the resurgence of covid.

There is no high impacting Eurozone data due today.