Pound to Euro Exchange Rate Forecast: GBP Price Rangebound amid Cautious Trade

  • As we look ahead to Tuesday's Eurpean session, movement in the Pound Euro (GBP/EUR) exchange rate is likely to be driven by the publication of Germany's latest balance of trade data. In May, the bloc's largest economy is expected to report a trade surplus of €18.1 billion, up from a previous reading of €14.6 billion.