GBP/EUR: Pound Heads Higher As EU To Mull Over Brexit Extension

The Pound Euro (GBP/EUR) exchange rate is edging higher after finishing flat in the previous session.

The Pound found support on Tuesday amid signs of the UK economy roaring back into life . UK construction activity surged at the fastest pace in 24 years in June.

The government continues to aim for July 19th to ease more covid restrictions.

The Euro traded in a mildly depressed fashion on the back of mixed data. Retail sales rebounded in June surging 4.6% in May, after falling -3.9% in April.

German factory order fell unexpectedly to -3.7% MoM in May, well short of the 5% rebound that analyst had penciled in.

There is no high impacting UK data due today. German industrial production could attract some attention.