The Pound Euro (GBP/EUR) exchange rate is edging lower after strong gains on Monday.
The Pound rallied at the start of the week as reopening optimism drove demand for sterling. Vaccine numbers remain impressive with 43 million doses now administered.
Attention will now turn to UK labour market data and particularly the unemployment rate which is expected to tick higher to 5.2% in the three months to February.
The Euro traded mixed versus its major peers in the previous session, although a weaker US Dollar is helping the common currency higher today. The Eurozone economic calendar is light leaving sentiment and the US Dollar to drive trading.
Investors are remaining cautious ahead of the ECB rate announcement on Thursday.
Currencylive.com is a news site only and not a currency trading platform. Currencylive.com is a site operated by Wise US Inc ("We", "Us"), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of Wise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.
