{"id":100569,"date":"2020-05-28T02:00:32","date_gmt":"2020-05-28T06:00:32","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=100569"},"modified":"2020-05-28T02:22:30","modified_gmt":"2020-05-28T06:22:30","slug":"103293-gbp-eur-pair-consolidates-losses-ahead-of-german-inflation-data","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103293-gbp-eur-pair-consolidates-losses-ahead-of-german-inflation-data\/","title":{"rendered":"GBP\/EUR: Pair Consolidates Losses Ahead of German Inflation Data"},"content":{"rendered":"<ul>\n<li><strong>UK Brexit Secretary reiterates UK will not be seeking Brexit transition extension<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) surged after EC announced \u20ac750 billion rescue fund<\/strong><\/li>\n<li><strong>German inflation -0.1% mom in May and +0.6% yoy.<\/strong><\/li>\n<li><strong>At 06:15 UTC, GBP\/EUR is trading flat at \u20ac1.1134 &gt;&gt; <a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-eur-exchange-rate-today\/\">Real time exchange rate<\/a><\/strong><\/li>\n<\/ul>\n<p>The <a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-eur-exchange-rate-today\/\">Pound Euro exchange rate<\/a> is holding steady in early trade on Thursday, consolidating losses from the previous session. The pair settle on Wednesday -0.87% at \u20ac1.1133, snapping a four-session winning streak and slightly up from the weekly low of \u20ac1.1119 reached earlier in the session.<\/p>\n<p>At 06:15 GBP\/EUR is trading +0.01% at \u20ac1.1134 as investors continue digesting the European Commission rescue package whilst looking ahead to a busy Eurozone economic calendar.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-eur-exchange-rate-today\/\" class=\"su-button su-button-style-flat button-internalbutton\" style=\"color:#ffffff;background-color:#f92658;border-color:#c81f47;border-radius:5px\" target=\"_self\"><span style=\"color:#ffffff;padding:0px 22px;font-size:17px;line-height:34px;border-color:#fb688b;border-radius:5px;text-shadow:none\"> Check real time GBP to EUR exchange rate<\/span><\/a><\/div>\n<p>The Pound sunk lower in the previous session, and is consolidating those losses today, after Brexit Secretary David Frost announced that the Government will not be seeking an extension to the transition period which is due to end on 31<sup>st<\/sup> December this year.<\/p>\n<p>There had been growing calls to extend the cut-off date after the already very tight timeline for talks was delayed owing to the coronavirus crisis.<\/p>\n<p>According to reports, Prime Minister Boris Johnson will head over to Brussels next month for his first talks with European leaders for 4 months.<\/p>\n<p>David Frost also turned down hopes on a EU -UK deal on UK fisheries being agreed in July. This had been a sticking point in the talks, although optimism surfaced earlier in the week that the EU was ready to soften its stance, news that had boosted sterling.<\/p>\n<p>Domestic politics continue to add pressure to the Pound as Boris Johnson faces growing criticism over his to aide\u2019s travel in lockdown. Boris Johnson will be questioned in the bi-annual quizzing of the Prime Minister by the House of Commons Liaison Committee.<\/p>\n<p>The Euro gained altitude across the board on Wednesday after the European Commission&#8217;s Ursula von der Leyen announced a \u20ac750 billion crisis fund to tackle the unprecedented coronavirus crisis. The package will be made up of grants and loans for every EU member state. It combines the French \u2013 German proposal with the proposal of the \u201cFrugal four\u201d Austria, Denmark, Sweden and Netherlands.<\/p>\n<p>There is a slew of data for investors to digest on the Eurozone economic calendar, including Eurozone consumer confidence and German inflation. Analysts are expecting German inflation to drop -0.1% month on month in May, down from +0.4% in April. On an annual basis inflation is expected at just 0.6%, down from 0.9%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK Brexit Secretary reiterates UK will not be seeking Brexit transition extension Euro (EUR) surged after EC announced \u20ac750 billion rescue fund German inflation -0.1% mom in May and +0.6% yoy. At 06:15 UTC, GBP\/EUR is trading flat at \u20ac1.1134 &gt;&gt; Real time exchange rate The Pound Euro exchange rate is holding steady in early [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":3103,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1386,1395,1393,1394,1387,1391,2802],"class_list":{"0":"post-100569","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-brexit","10":"tag-eur","11":"tag-euro","12":"tag-gbp","13":"tag-inflation","14":"tag-pound","15":"tag-rescue-fund"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/EUR: Pair Consolidates Losses Ahead of German Inflation Data - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103293-gbp-eur-pair-consolidates-losses-ahead-of-german-inflation-data\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103293-gbp-eur-pair-consolidates-losses-ahead-of-german-inflation-data\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103293-gbp-eur-pair-consolidates-losses-ahead-of-german-inflation-data\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Pair Consolidates Losses Ahead of German Inflation Data\",\"datePublished\":\"2020-05-28T06:00:32+00:00\",\"dateModified\":\"2020-05-28T06:22:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103293-gbp-eur-pair-consolidates-losses-ahead-of-german-inflation-data\\\/\"},\"wordCount\":444,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103293-gbp-eur-pair-consolidates-losses-ahead-of-german-inflation-data\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100553-gbp-eur-trade-war-hits-germany.jpg\",\"keywords\":[\"Brexit\",\"eur\",\"euro\",\"gbp\",\"Inflation\",\"pound\",\"rescue fund\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103293-gbp-eur-pair-consolidates-losses-ahead-of-german-inflation-data\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103293-gbp-eur-pair-consolidates-losses-ahead-of-german-inflation-data\\\/\",\"name\":\"GBP\\\/EUR: Pair Consolidates Losses Ahead of German Inflation Data - 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