The pound euro (GBP/EUR) exchange rate is heading higher on Tuesday after losses in the previous session.
The euro rose yesterday amid optimism as the ECB’s summit kicked off. The ECB are expected to hike interest rates in July.
Today German consumer confidence data is due and is expected to decline to -27.7 from -26 as inflation sits at a record high.
The pound came under pressure amid rising Brexit concerns, as the UK considers ending the northern Ireland protocol.
There is no high impacting data due today. A speech by BoE Cunliffe will be in focus.