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via fxstreet.comEconomy

Pound gains on euro as stronger-than-expected UK jobs data boosts BoE hike bets

FROM THE WIRE · FXSTREET.COM

EUR/GBP loses 0.38% on Tuesday as stronger-than-expected UK labour market data lifts the Pound Sterling (GBP). At the time of writing, the cross trades around 0.8395, at levels last seen in May 2025.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishStrong labour data raises expectations of a BoE rate hike, supporting sterling.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01EUR/GBP loses 0.38% on Tuesday.
  2. 02UK labour market data came in stronger than expected.
  3. 03The cross trades around 0.8395, at levels last seen in May 2025.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Euro/UK Pound Sterling FX Cross RateEURGBPFX pair0.8388-0.07%today -0.44%Negative EUR/USDEURUSDFX pair1.1235+0.06%today +0.16%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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