eur-bank-notes-magnifying-glass - EUR

The Pound Euro (GBP/EUR) exchange rate is edging a few ticks higher on Tuesday after closing a few pips lower on Monday.

The Pound barely moved in the previous session in holiday thinned trade.

Amid a light UK economic calendar this week, covid cases and Brexit woes are likely to linger.

The Euro shrugged off soaring German consumer prices in the previous session. German CPI inflation jumped to 3.9% YoY the highest level since 1993 from the reunification.

Eurozone inflation is due to be released today and is expected to reveal a tick higher to 2.8% up from 2.2%.