The Pound Euro (GBP/EUR) exchange rate is edging lower on Tuesday after settling a few pips lower at the start of the week.

The Pound rose to a fresh two month high early on Monday following hawkish commentary from the BoE. However, it was unable to maintain these levels.

Attention is now on the UK jobs data which is expected to show that the unemployment level fell to 4.5% down from 4.6%.

A strong report could boost the likelihood of the BoE hiking rates.

The Euro will look towards German ZEW economic sentiment data. The data is expected to show a cooling in sentiment to 24 from 26.5.