The pound euro (GBP/EUR) exchange rate is rising for a second day on Tuesday.
The pound is gaining after stronger-than-expected UK jobs data. Average wage growth rose to 6%, up from 5.6%, and unemployment remained at 4.4%. This defied expectations of a rise of 4.5%.
The data comes as the BoE assesses when to cut rates again. Strong wage growth could lift inflation.
UK inflation data is due tomorrow and is expected to rise.
The euro is falling despite stronger-than-expected German ZEW economic sentiment. Economic morale in the eurozone’s largest economy rose to 26 in February from 15.5.