Demand for permanent staff at UK businesses plunged following Chancellor Rachel Reeves' tax raid on employment. This is a potential red flag against Pound strength in 2025.
The Pound to Euro exchange rate holds a constructive setup ahead of this week's European Central Bank (ECB) decision and UK economic growth report.
The Euro gained after markets saw a path forward for France following the resignation of Prime Minister Michel Barnier's government.
Euro exchange rates are proving resilient despite France entering unchartered waters following the eviction of its Prime Minister Michel Barnier.