The Pound Euro (GBP/EUR) exchange rate is advancing for a 5th consecutive day.
The Pound rallied on Tuesday after strong labour market data boosted expectations that he BoE would raise interest rates potentially in December.
UK unemployment ticked down to 4.3%, its lowest level since July 2020.
Today UK CPI inflation data is in focus with analysts expecting consumer prices to rise to 3.9%, up from 3.1%.
Eurozone CPI inflation data is also under the spotlight and is expected to rise to 4.1%. Core CPI is forecast to hit 2.1%.
However, the ECB have been much more dovish in their commentary, pushing back on the prospect of a rate rise, dragging on the Euro.
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