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GBP/EUR: Pair falls towards €1.1450

GBP/EUR: Euro In Focus Ahead Of Barrage Of Data Releases

The pound euro (GGBP/EUR) exchange rate is falling again after a brief respite yesterday.

The euro is pushing higher after German ZEW economic sentiment soared to an 8-month high of 9.8 in November, up from -1.1 in October.

Eurozone, GDP was also confirmed at -0.1% QoQ in Q3, after riding 0.2% QoQ in Q2.

The pound is falling after mixed jobs data. Total wage growth cooled by less than forecast, at 7.9%, down from 8.2%, which could be a concern for the BoE and its fight against inflation.

However, job vacancies fell 43,000 in the third quarter, to 988,000, suggesting that some weakness was starting to show.

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