The pound euro exchange rate (GBP/EUR) is holding steady after gains yesterday.
FCA survey pointed to the cost of living crisis easing, as fewer people were struggling with credit card repayments and bills compared to January 2023.
Tesco also reported improving consumer sentiment in their quarterly results.
The euro is trading quietly ahead of tomorrow’s ECB rate decision. The central bank is expected to leave rates unchanged at 4% and could signal a June rate cut.
The market is pricing in three 25-basis point cuts this year as inflation cools towards the 2% target.
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