strong UK jobs data<\/a> which saw unemployment tick lower to 3.8% and wage growth jump to 7.2%. The data piles pressure on the BoE to keep hiking rates.<\/p>\nAttention now turns to UK GDP data which is expected to show the economy rebounded in April rising 0.2% after contracting -0.3% MoM in March.<\/p>\n
The euro fell yesterday after German inflation data cooled to 6.1% from 7.2% and after German ZEW economic sentiment remained negative for a fourth straight month.<\/p>\n
Eurozone industrial production data today is in focus and is expected to rise 0.8% MoM after falling -4.1% in March.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is pushing higher for a second day, brining \u20ac1.17 into target. The pound rose on Tuesday after strong UK jobs data which saw unemployment tick lower to 3.8% and wage growth jump to 7.2%. The data piles pressure on the BoE to keep hiking rates. Attention now turns to […]<\/p>\n","protected":false},"author":163946598,"featured_media":5320,"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-114582","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
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