The pound has weakened slightly against the euro but has strengthened against the dollar following UK jobs data.
Pay increases lagged behind inflation in the last quarter of 2021, despite record high job vacancies, but unemployment data came in as expected. All eyes are now on tomorrow’s inflation figures.
Despite growing tensions between Russia and Ukraine, the euro has strengthened slightly this morning. President of the European Central Bank Christine Lagarde once again stated that the Bank will act when appropriate in regard to the threat of rising inflation.
Markets now await German economic sentiment data for an indication of how the eurozone is faring.
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