The pound euro exchange rate (GBP/EUR) is rising, snapping a seven-day losing run.
The pound is rising after BRC retail sales rose to 3.2% YoY in March, the highest level in eight months, amid higher food spending ahead of Easter.
The data comes after permanent staff wages grew at the slowest pace in 3 years.
The euro is falling after the ECB bank lending survey showed that demand for loans remained slow. This means that investment is likely to remain weak.
The data comes ahead of the ECB rate decision on Thursday. No change to policy is expected.
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