GBP/EUR: Pound Steady Ahead Of UK Jobs Data

The pound euro (GBP/EUR) exchange rate is edging lower after 4 days of gains.

The pound is falling after data showed that the UK wage growth slowed to 6.5% from 6.7%, more than expected. Vacancies also fell for an eighth straight month in a sing that the labour market could be cooling.

The data could encourage the BoE to keep rates on hold next week.

The euro is rising as data showed that Spanish inflation rose in February suggesting that inflation remains sticky.

The ECB rate decision is on Thursday. The central bank is expected to raise rates by 0.5%, to 3.5% which some now believe  could be the terminal rate.