The pound euro (GBP/ EUR) exchange rate is rising after losses last week.
The pound is rising despite industry data showing the UK labour market is cooling. The Recruitment & Employment Confederation showed job placement fell at the fastest pace in 5 months, and pay growth was at a 5-month low.
The data comes ahead of UK unemployment data tomorrow.
The euro is falling after Sentix investor confidence fell to -15.4 in September, the third straight monthly decline.
In Germany, investor sentiment tumbled to -34.7, its lowest level since October 2022.
The weak data raises concerns that the region could be heading towards a recession.
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