German consumer confidence<\/a> ticks higher to -29 in March up from -29.7. The improvement comes as wages rise, and the ECB is expected to cut rates soon.<\/p>\nEurozone inflation data is in focus in the second part of the week.<\/p>\n
The pound is driving lower amid a lack of fresh catalysts for GBP. Sterling remains supported by the expectations that the BoE will start cutting rates after the ECB and will cut by less this year.<\/p>\n
The market is pricing in 60 basis points of rate cuts this year.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is edging lower for a second straight day. The euro is rising after German consumer confidence ticks higher to -29 in March up from -29.7. The improvement comes as wages rise, and the ECB is expected to cut rates soon. Eurozone inflation data is in focus in the second […]<\/p>\n","protected":false},"author":163946598,"featured_media":4533,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,2649,1394,2410],"class_list":["post-115803","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-eur-gbp","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\n
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