Euro Edges Higher Against Pound After Upbeat German Sentiment

The euro nudged higher against the British pound on Tuesday. The single currency was supported by an upbeat German economic sentiment report, which reinforced a more positive tone for the euro area outlook.

In the UK, June's employment report failed to convince market participants. That left sterling without a fresh catalyst and allowed EUR/GBP to hold its gains.

The pair traded modestly higher on the session, reflecting the contrast between the German data and the UK labour market release.