The pound euro (GBP/EUR) exchange rate is rising after modest losses yesterday.
The pound is rising with tomorrow’s BoE and labour market data in focus.
A Brightmine survey showed that UK wage growth has slowed in line with inflation for the first time since October 2023.
The BoE is expected to leave rates unchanged at 4.5% after cutting rates in the February meeting.
The EUR is falling despite Germany approving a huge fiscal reform which is expected to lift inflation and growth over the long term.
Russia failed to agree to a full cease-fire with Ukraine.