Site icon Currency Live

GBP/EUR: Pair rises towards €1.1550

gbp-british-pound-coin - GBP

The pound euro (GBP/EUR) exchange rate is rising, after modest losses yesterday.

The pound is rising against the euro but falling against the US dollar after data showed that UK unemployment rose further to a four-year high. Payrolls fell by 41k, and wage growth slowed to 5%.

The data comes after BoE policymakers have warned over the outlook for the jobs market, despite a rise in inflation to 3.6% YoY.

The euro is falling as a lack of news regarding a EU-US trade deal is unnerving investors.

Eurozone inflation was confirmed at 2.3% YoY. The ECB is not expected to cut rates next week.

Exit mobile version