The euro pushed higher on Tuesday after data showing that German economic growth beat expectations in the last quarter, while the pound edged lower amid Brexit jitters and the dollar held steady against a currency basket.
was up 0.16% at 1.1688 by 03:32 AM ET (08:32 AM GMT) after data showing that grew 0.8% in the third quarter thanks to strong trade and investment figures.
The euro was also higher against the pound, with EUR/USD climbing 0.26% to 0.8919.
Sterling edged lower against the dollar, with last at 1.3091. The pound ended the previous session sharply lower amid concerns over Theresa May’s ability to remain on as British prime minister.
The two-day parliamentary debate on the was due to get underway later Tuesday and will take place against a backdrop of heightened political uncertainty.
As many as forty members of parliament have agreed to sign a letter of no confidence in the prime minister according to weekend newspaper reports, setting the stage for a formal leadership challenge.
Investors were also looking ahead to UK inflation data, which could show that Britain’s cost of living squeeze is continuing, as the weak pound continues to drive up shop prices.
The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, edged down 0.08% to 94.32 as investors remained focused on planned .
Also in focus, European Central Bank head Mario Draghi, Federal Reserve Chair Janet Yellen, Bank of Japan Governor Haruhiko Kuroda and Bank of England head Mark Carney were all to deliver remarks on central bank communication at an ECB-hosted conference in Frankfurt later in the day.
The dollar was higher against the yen, with rising 0.26% to 113.90.
Elsewhere, the New Zealand dollar was sharply lower, with sliding 0.81% to 0.6847.
The Australian dollar was slightly weaker, with down 0.13% 0.7612.
The Aussie’s losses were limited despite after a survey of Australian businesses showed the best conditions in twenty years as sales and profits surged in October.