The pound-euro exchange rate (GBP\/EUR) has been falling for a third straight day, dropping to \u20ac1.17.<\/p>\n
The pound is easing despite the UK’s GDP rising 0.2% MoM in January after contracting in December. The data points to the UK recession being short-lived.<\/p>\n
The data comes after UK unemployment rose to 3.9% and wage growth was at its slowest pace in 2 years.<\/p>\n
The euro is rising as ECB policymakers point to a June rate cut rather than a move in April. This is in line with ECB President Lagarde’s comments last week.<\/p>\n
Eurozone industrial output fell -3.2% MoM, more than the -1.5% forecast.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound-euro exchange rate (GBP\/EUR) has been falling for a third straight day, dropping to \u20ac1.17. The pound is easing despite the UK’s GDP rising 0.2% MoM in January after contracting in December. The data points to the UK recession being short-lived. The data comes after UK unemployment rose to 3.9% and wage growth was […]<\/p>\n","protected":false},"author":163946598,"featured_media":5970,"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-117371","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