The pound euro (GBP\/EUR) exchange rate is pushing higher, recouping yesterday’s losses.<\/p>\n
The pound looks to UK jobs data which is expected to show unemployment held steady at historic lows of 3.5%, even as the economy shrank -0.2%. Average wage growth is expected to rise to 6%, which remains well below double digit inflation, fueling the cost-of-living crisis.<\/p>\n
The data comes ahead of the Chancellor’s Budget on Thursday.<\/p>\n
The euro is falling ahead of a slew of data. The Eurozone GDP is expected to confirm the economy avoided recession in Q3.<\/p>\n
Meanwhile German ZEW economic sentiment is forecast to improve in November, possibly owing to support from the government towards energy bills.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is pushing higher, recouping yesterday’s losses. The pound looks to UK jobs data which is expected to show unemployment held steady at historic lows of 3.5%, even as the economy shrank -0.2%. Average wage growth is expected to rise to 6%, which remains well below double digit inflation, fueling […]<\/p>\n","protected":false},"author":163946598,"featured_media":4149,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1394,2410],"class_list":["post-113423","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\n