Stoxx 600 was up by 0.8 percent with almost every sector in positive territory.
Sterling has fallen more than 10 percent against the U.S. dollar since reaching a peak of $1.4335 in April 2018, in part due to rising fears over the course of the Brexit process. The U.K. currency was trading at around $1.2905 Tuesday morning.
On the data front, France and Spain are both expected to publish a final reading of annual inflation figures for December at around 8:00 a.m. London time. The euro area will publish trade balance data for November later in the trading session.
In Asia, MSCI’s broadest index of Asia-Pacific shares, excluding Japan, rose around 0.5 percent. It comes after China signaled more supportive measures to stabilize its cooling economy.