gbp-british-pound-coin - GBP

The Pound Euro (GBP/EUR) exchange rate is ticking northwards paring mild losses from the previous session.

The Pound slipped on Tuesday despite UK public finances improving. UK public sector net borrowing rose by £24.3 billion in May, down from £30.1 billion in April, but ahead of the £28.5 billion forecast.

The Euro found strength on Tuesday from improving consumer confidence in the region.

Attention will now swing firmly towards manufacturing and services PMI data for both the UK and the Eurozone. Both regions are expected to show strong growth continuing as lockdown restrictions ease and the service sector sparks back into life.