GBP/EUR: Brexit Nerves Weigh On Pound

The pound euro (GBP/EUR) exchange rate is edging higher on Tuesday rising above €1.1650.

The pound fell yesterday as investors mulled over the deteriorating economic picture in the UK with rising inflation, higher interest rates and now travel chaos as rail workers go on strike.

The euro slipped after Macro lost his majority in Parliament in elections over the weekend and despite German PPI rising to 33.6% a record high.

There is no high impact eurozone data today, the current account figures are due to be released.