The Pound Euro (GBP/EUR) exchange rate is treading water around €1.19, after booking gains in the previous session.
The Pound pushed higher after better than expected jobs data which saw unemployment drop to 3.9%, a level last seen pre-pandemic. Wages also rose to 4.8%, which will encourage the BoE to hike interest rates when it meets tomorrow.
The euro fell yesterday after data showed that German economic confidence fell by the most on record in March as Russia invaded Ukraine. The invasion and sanctions on Russia are hitting the economic outlook and raising inflation expectations.
Tgere is no high impacting data today. Peace talks developments will take centre stage.
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