The Euro (EUR) nudges higher against the British Pound (GBP) on Tuesday, buoyed by positive German economic sentiment figures while, in the UK, June’s employment report failed to convince investors. The EUR/GBP pair has crawled to session highs at 0.8555, drawing closer to the top of the weekly range, in the 0.8560 area.
Data released by the ZEW Institute on Tuesday revealed that the German Economic Sentiment Index rose to 34.2 in August from 26.3 in July, beating expectations of a more moderate improvement to 30. The report shows brighter economic expectations across all sectors as the German economy continues to benefit from the…
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