Euro Trims Gains vs Pound Despite Positive PMI Data

The Euro weakened against the British Pound for a second consecutive session on Tuesday, with the EUR/GBP pair edging closer to 11-month lows. The move comes despite the release of positive Eurozone Purchasing Managers' Index (PMI) figures, which typically support the single currency.

The divergence suggests that other factors, likely related to the UK economic outlook or monetary policy expectations, are weighing on the Euro. Traders continue to monitor developments on both sides of the English Channel for further directional cues.