The pound euro (GBP/EUR) exchange rate is rising for a second straight day.
The pound is gaining despite mixed labour market data, which showed that unemployment remained at 4.4% and wage growth stayed well above inflation at 5.9%.
However, the number of employees on payroll fell 78k ahead of the increase in tax burden on employers this month.
The EUR fell against the pound and the USD after disappointing economic sentiment data, and the US and the EU are still some distance from agreeing on a trade deal to avoid heavy reciprocal tariffs.
ZEW economic sentiment plunged in April to its lowest level since 2022.