The pound euro exchange rate is edging a few points lower after gains yesterday.
Attention is on UK labour market data where the unemployment rate is expected to hold steady at 3.7% and wages including bonuses are expected to ease slightly to 5.1%, from 5.7%.
Cooling wage growth could take pressure off the BoE to continue hiking interest rates.
The euro has been broadly supported by hawkish ECB bets with a 25 bps hike expected in May but a 50 bps hike is still on the table.
Attention now turns to ZEW German economic sentiment which is expected to improve further, rising to 15.3 from 13 in March.
Currencylive.com is a news site only and not a currency trading platform. Currencylive.com is a site operated by Wise US Inc ("We", "Us"), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of Wise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.
