The pound euro (GBP/EUR) exchange rate is holding steady after losses last week.
The pound is unchanged despite BoE voting policy maker Catherine Mann warning that wage and price pressures could remain high for years to come.
Her comments come ahead of tomorrow’s UK labour market data, which is expected to show unemployment rose to 4.5% and wage growth eased to 4.6% from 5.7%.
The euro is unchanged after German wholesale trading prices rose by more than expected, up 0.3% MoM after falling -0.3% in the previous month.
The data comes after German inflation ticked higher in July and as the ECB considers when to cut rates again.
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