The pound euro (GBP/EUR) exchange rate is falling for a fourth straight day.
The pound is dropping after UK unemployment unexpectedly rose, payrolls fell to the lowest level since May 2020, and job vacancies declined for a third straight month.
The data supports the view that the BoE will cut rates by 25 basis points in the February meeting.
The euro rises despite weaker-than-expected German ZEW economic sentiment data. The economic sentiment index fell sharply to 10.3 from 15.7. This was below expectations of 15.3.
The lack of concrete tariffs from Trump so far is also supporting the EUR.
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