GBP/EUR: Brexit Hopes Keep Pound Elevated Above Euro

The pound euro (GBP/EUR) exchange rate is treading water on Tuesday after rising yesterday.

The pound pushed higher after the Chancellor moved forwards the budget plan to October 23rd, from late November.

Today UK jobs data is expected to show that unemployment held steady at 3.6% and demand for workers remained strong despite the cost of living crisis.

The euro fell yesterday after weaker than expected investor sentiment data, which fell to -38.3.

Today there is no eurozone economic data due. Investors will look towards a speech by ECB chief economist Philip Lane.