The pound euro (GBP/EUR) exchange rate is falling for a third day.
The pound has dropped after data showed UK unemployment rose to 4.6%, its highest level since 2021. The number of people employed on the payroll fell by 109k, the most since COVID and wage growth fell to 5.2%, its lowest since Q3 last year.
The data could pave the way for a less cautious BoE and more aggressive rate cuts.
The EUR is rising after Eurozone Sentix sentiment improved by more than forecast. The gauge rose to 0.2, up from -8.1 and well ahead of the -6 level forecast.