{"id":119136,"date":"2025-04-15T18:51:53","date_gmt":"2025-04-15T17:51:53","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119136"},"modified":"2025-04-15T18:51:53","modified_gmt":"2025-04-15T17:51:53","slug":"10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\/","title":{"rendered":"GBP\/EUR: The Pound rises after mixed labour market data"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) rises for a second day<\/strong><\/li>\n<li><strong>UK unemployment held at 4.4% &amp; wages grew 5.6%<\/strong><\/li>\n<li><strong>Euro (EUR) falls against the pound and USD<\/strong><\/li>\n<li><strong>Trade agreement between EU and US<\/strong><\/li>\n<\/ul>\n<p>The Pound-Euro (<a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-eur-exchange-rate-today\/\">GBP\/EUR<\/a>) exchange rate is rising on Tuesday for a second straight day. The pair rose 0.9% in the previous session, settling on Monday at \u20ac1.1618. It traded between \u20ac1.1499 and \u20ac1.1631. At 17:00 UTC, GBP\/EUR is trading 0.92% higher at \u20ac1.1725.<\/p>\n<p>The pound is rising after UK jobs data painted a mixed picture. The unemployment rate held steady at 4.4%. However, businesses shed workers at the fastest pace since the start of the pandemic shortly before they were hit with a sharp rise in payroll taxes.<\/p>\n<p>The data shows that payroll numbers dropped by 78,000 in March before measures from the labour Government\u2019s October budget took effect in April. Meanwhile, vacancies in the first quarter fell below pre-pandemic levels for the first time since 2021.<\/p>\n<p>Meanwhile, wage growth remained solid at 5.9%, excluding bonuses, and 5.6%, including bonuses, painting a mixed picture for the Bank of England as it weighs up when he cut interest rates again.<\/p>\n<p>The market is pricing in a 90% probability that the Bank of England will cut rates by 25 basis points in the May meeting.<\/p>\n<p>The EUR is under pressure against the pound and the US dollar as its recent rally reverses. Where is the other? The European Union and the US have reportedly made little progress in bridging their trade differences this week. As a result, officials from President Trump&#8217;s administration indicated that the bulk of US tariffs imposed on the European Union will not be removed.<\/p>\n<p>The EU&#8217;s trade chief, Marcos Sefcovic, left the meeting with little clarity on the US stance.<\/p>\n<p>On the data front, ZEW economic sentiment plunged in April to its lowest level since 2022 as concerns over trade tariffs threatened optimism of a robust recovery in the region.<\/p>\n<p>ECB President Christine is due to speak later today, ahead of the ECB rate decision tomorrow.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) rises for a second day UK unemployment held at 4.4% &amp; wages grew 5.6% Euro (EUR) falls against the pound and USD Trade agreement between EU and US The Pound-Euro (GBP\/EUR) exchange rate is rising on Tuesday for a second straight day. The pair rose 0.9% in the previous session, settling on Monday [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5569,"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-119136","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":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/EUR: The Pound rises after mixed labour market data - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: The Pound rises after mixed labour market data\",\"datePublished\":\"2025-04-15T17:51:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\\\/\"},\"wordCount\":335,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100624-gbp-eur-no-deal-brexit-fears.jpg\",\"keywords\":[\"eur\",\"eur\\\/gbp\",\"gbp\",\"gbp\\\/eur\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2025\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\\\/\",\"name\":\"GBP\\\/EUR: The Pound rises after mixed labour market data - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100624-gbp-eur-no-deal-brexit-fears.jpg\",\"datePublished\":\"2025-04-15T17:51:53+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100624-gbp-eur-no-deal-brexit-fears.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100624-gbp-eur-no-deal-brexit-fears.jpg\",\"width\":1200,\"height\":675,\"caption\":\"GBP\\\/EUR\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/EUR: The Pound rises after mixed labour market data\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/EUR: The Pound rises after mixed labour market data - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"GBP\/EUR: The Pound rises after mixed labour market data","datePublished":"2025-04-15T17:51:53+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\/"},"wordCount":335,"image":{"@id":"https:\/\/currencylive.com\/news\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100624-gbp-eur-no-deal-brexit-fears.jpg","keywords":["eur","eur\/gbp","gbp","gbp\/eur"],"articleSection":["EUR","GBP"],"inLanguage":"en-US","copyrightYear":"2025","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\/","url":"https:\/\/currencylive.com\/news\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\/","name":"GBP\/EUR: The Pound rises after mixed labour market data - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100624-gbp-eur-no-deal-brexit-fears.jpg","datePublished":"2025-04-15T17:51:53+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100624-gbp-eur-no-deal-brexit-fears.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100624-gbp-eur-no-deal-brexit-fears.jpg","width":1200,"height":675,"caption":"GBP\/EUR"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/10479-gbp-eur-the-pound-rises-after-mixed-labour-market-data\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/EUR: The Pound rises after mixed labour market data"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100624-gbp-eur-no-deal-brexit-fears.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/119136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=119136"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/119136\/revisions"}],"predecessor-version":[{"id":119137,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/119136\/revisions\/119137"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5569"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=119136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=119136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=119136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}