Euro edges higher, traders await UK labour data

The EURGBP currency pair trades in positive territory around 0.8685 during the early European session on Monday. The Euro edges higher against the pound sterling as the European Central Bank appears to be near the end of its rate-cutting cycle. Traders will take more cues from the UK jobs data later on Tuesday. The Eurozone inflation eased to the ECB’s target, supporting the view of policymakers that interest rates can stay at current levels unless the economic outlook changes significantly. ECB Vice President Luis de Guindos stated on Thursday that interest rates are at an appropriate level, though he warned The post Euro edges higher, traders await UK labour data appeared first on Financial Mirror .