The pound euro (GBP/EUR) exchange rate is holding steady at 1.1650.
The euro is steady amid a quiet economic calendar and as investors look ahead to eurozone inflating data tomorrow (CPI).
CPI is expected to confirm the preliminary reading of 2.4% YoY in April. The ECB is on track to cut rates in June.
The pound is holding steady amid a lack of fresh catalysts. The economic calendar this week has been quiet except for Tuesday’s labor market data.
Jobs data showed unemployment ticked higher, but wage growth was sticky. The BoE is expected to cut rate in June or August.
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