UK jobs data weakened.<\/a> Unemployment unexpectedly rose to 3.9%, up from an 11-month low of 3.8%. Job vacancies fell for the 20th straight month. Meanwhile, basic wage growth slowed to 6.1% from 6.2%.<\/p>\nThe data lifted BoE rate cut bets modestly, with the market pricing in almost 3 cuts this year.<\/p>\n
The euro is rising despite German inflation cooling to a 2-year low of 2.5% YoY in February, down from 2.9% in January and 3.7% at the end of last year.<\/p>\n
The ECB will look to cut rates when inflation cools to 2% in the region.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro exchange rate (GBP\/EUR) is falling for a second day. The pound is dropping after UK jobs data weakened. Unemployment unexpectedly rose to 3.9%, up from an 11-month low of 3.8%. Job vacancies fell for the 20th straight month. Meanwhile, basic wage growth slowed to 6.1% from 6.2%. The data lifted BoE rate […]<\/p>\n","protected":false},"author":163946598,"featured_media":4916,"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-117362","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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