GBP/EUR: Pound Through €1.14 vs Euro On No Brexit Optimism

The pound euro (GBP/EUR) exchange rate is inching higher after 7 days of losses.

The pound is rising despite industry data showing that wages grew at the slowest pace in 3 years in March, and temporary hiring slowed to a 4-year low.

The data supports the view that inflationary pressures are easing.

The euro is edging lower despite encouraging data from the region. German industrial production rose for the second straight month and rose to a 13-month high.

Eurozone investor sentiment was also a bright spot, improving to its highest level in two years.

The data suggests that the downturn in the region has bottomed out.