The EURGBP exchange rate remained steady earlier despite the release of UK labor market data. While wage growth (excluding bonuses) came in slightly higher than expected, the more critical month-on-month rise in private sector pay, which the Bank of England (BoE) watches closely, was more subdued. This suggests the job market is gradually cooling, with […]
In focus today In the euro area, focus today will be on the euro area PMIs for April. The previous months’ PMIs have shown a return of the two-speed economy with the service sector in expansionary territory and manufacturing sector stuck in contraction. We expect that service PMIs will remain above 50 as rising real […]
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