The EURGBP exchange rate will see the release of employment for the UK and economic sentiment for Germany and Europe.
EURGBP – Daily Chart
The EURGBP was rejected by the 0.8658 level for the third time in the last few months and could continue lower.
Tuesday will see the release of jobs figures for the month, with the UK expecting to produce 75k new jobs, down from 102k last month. The unemployment rate is likely to remain at 4%.
That will be followed by economic sentiment for the German and European economies. Germany is expected to see sentiment remain stuck in negative territory at -14.7.
Wednesday will be another big day for the pair with inflation figures for the UK, where a drop to 6.8% is expected from 7.9%. That could ease expectations of further UK rate hikes in the future.
The same day will see the release of preliminary estimates for European GDP at 0.3%, with an annualized figure of 0.6%. However, that indicated a drop from 1.1% as the European economy slowed.
