The pound euro (GBP/EUR) exchange rate is unchanged on Wednesday.
The pound is helped by the improved market mood, but data also raises concerns over the UK jobs market.
Industry figures showed that wage growth had slowed to below inflation at 3% and job vacancies were falling.
BoE Governor Andrew Bailey noted the labour market was softening and sees interest rates continuing to fall.
The EUR is unchanged after ECB policymaker comments. ECB’s Villeroy de Galhau said the central bank could still cut rates despite recent oil market volatility.
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