{"id":100708,"date":"2020-06-01T11:24:59","date_gmt":"2020-06-01T15:24:59","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=100708"},"modified":"2020-06-01T14:45:16","modified_gmt":"2020-06-01T18:45:16","slug":"103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\/","title":{"rendered":"GBP\/EUR: Pound Recoups 1.12 as Manufacturing Data Hits Euro"},"content":{"rendered":"<p>The <a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">British pound <\/a>(GBP) is higher against the <a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">euro<\/a> (EUR) on Monday.<\/p>\n<ul>\n<li><strong>German May manufacturing PMI misses estimates<\/strong><\/li>\n<li><strong>UK May manufacturing PMI narrowly beats forecasts<\/strong><\/li>\n<li><strong>Some British children return to school<\/strong><\/li>\n<li><strong>Broader markets positive, brush off US-China tensions<\/strong><\/li>\n<\/ul>\n<p><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-eur-exchange-rate-today\/\">GBP\/EUR<\/a> was lower by 12 pips (+0.10%) to 1.1106 as of 3pm GMT.<\/p>\n<p>A dip below 1.11 in early trading stalled out and the currency pair rallied over 100 pips to retake the 1.12 barrier. Last week GBP\/EUR exchange rate dropped -0.39%.<\/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<h2>GBP: UK Final Manufacturing PMI tops estimate<\/h2>\n<p>The British pound managed to squeeze out some solid gains on Monday after the UK got the better of Germany in May manufacturing performance relative to estimates. The UK Final May manufacturing PMI came in a 40.7, up slightly from the initial estimate of 40.6.<\/p>\n<p>Actually the story is similar in the UK and Europe with May marking a significant improvement in manufacturing activity from April\u2019s record decline. However, the improvement is largely \u2018base effects\u2019 because April was so bad. Some of the most important data will arrive in June when lockdown restrictions are eased more significantly.<\/p>\n<p>The easing of many UK restrictions saw some English schools reopen on Monday and traders were optimistic despite concern from some health officials that the rate of transmission (the R-rate) remains dangerously close to 1.<\/p>\n<h2>EUR: German May Manufacturing PMI misses<\/h2>\n<p>The disappointing data out of Germany held back a multi-day rally in the euro that has carried it to two-month highs over the pound. While data from France, Spain and Italy came ahead of expectations, it was Europe&#8217;s manufacturing powerhouse Germany that missed estimates. German May manufacturing PMI slipped to 36.6 from 36.8 initially estimated. Given the weight of Germany\u2019s economy in Europe, the miss dragged down the figure for the entire Eurozone, which fell to 39.4 from 39.5.<\/p>\n<p>Commenting on the possible economic implications of its own data, Markit noted: &#8220;While we are still set to see unprecedented falls in industrial production and GDP in the second quarter,\u00a0the survey brings hope that the goods-producing sector may at least see some stabilisation\u00a0&#8211; and even potentially a return to growth &#8211; in the third quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The British pound (GBP) is higher against the euro (EUR) on Monday. German May manufacturing PMI misses estimates UK May manufacturing PMI narrowly beats forecasts Some British children return to school Broader markets positive, brush off US-China tensions GBP\/EUR was lower by 12 pips (+0.10%) to 1.1106 as of 3pm GMT. A dip below 1.11 [&hellip;]<\/p>\n","protected":false},"author":163946608,"featured_media":5521,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[2816,2410,2815,2730],"class_list":{"0":"post-100708","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-europe-manufacturing","10":"tag-gbp-eur","11":"tag-may-manufacturing","12":"tag-uk-manufacturing"},"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: Pound Recoups 1.12 as Manufacturing Data Hits Euro - 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\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jasper Lawler\" \/>\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\\\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\\\/\"},\"author\":{\"name\":\"Jasper Lawler\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/7cdd4328aaa82c6c13caee5961755200\"},\"headline\":\"GBP\\\/EUR: Pound Recoups 1.12 as Manufacturing Data Hits Euro\",\"datePublished\":\"2020-06-01T15:24:59+00:00\",\"dateModified\":\"2020-06-01T18:45:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\\\/\"},\"wordCount\":391,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100600-gbp-eur-german-inflation.jpg\",\"keywords\":[\"europe manufacturing\",\"gbp\\\/eur\",\"may manufacturing\",\"UK manufacturing\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\\\/\",\"name\":\"GBP\\\/EUR: Pound Recoups 1.12 as Manufacturing Data Hits Euro - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100600-gbp-eur-german-inflation.jpg\",\"datePublished\":\"2020-06-01T15:24:59+00:00\",\"dateModified\":\"2020-06-01T18:45:16+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/7cdd4328aaa82c6c13caee5961755200\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100600-gbp-eur-german-inflation.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100600-gbp-eur-german-inflation.jpg\",\"width\":2207,\"height\":1193,\"caption\":\"GBP\\\/EUR: Will German Inflation Pull The Euro Lower?\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/EUR: Pound Recoups 1.12 as Manufacturing Data Hits Euro\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/7cdd4328aaa82c6c13caee5961755200\",\"name\":\"Jasper Lawler\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/033dd9202c108be953e1051ba62e5f6a16ff376ce29486d8b9a8cf9dcc8a2d39?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/033dd9202c108be953e1051ba62e5f6a16ff376ce29486d8b9a8cf9dcc8a2d39?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/033dd9202c108be953e1051ba62e5f6a16ff376ce29486d8b9a8cf9dcc8a2d39?s=96&d=blank&r=g\",\"caption\":\"Jasper Lawler\"},\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/jasper\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/EUR: Pound Recoups 1.12 as Manufacturing Data Hits Euro - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\/","twitter_misc":{"Written by":"Jasper Lawler","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\/"},"author":{"name":"Jasper Lawler","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/7cdd4328aaa82c6c13caee5961755200"},"headline":"GBP\/EUR: Pound Recoups 1.12 as Manufacturing Data Hits Euro","datePublished":"2020-06-01T15:24:59+00:00","dateModified":"2020-06-01T18:45:16+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\/"},"wordCount":391,"image":{"@id":"https:\/\/currencylive.com\/news\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100600-gbp-eur-german-inflation.jpg","keywords":["europe manufacturing","gbp\/eur","may manufacturing","UK manufacturing"],"articleSection":["EUR","GBP"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\/","url":"https:\/\/currencylive.com\/news\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\/","name":"GBP\/EUR: Pound Recoups 1.12 as Manufacturing Data Hits Euro - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100600-gbp-eur-german-inflation.jpg","datePublished":"2020-06-01T15:24:59+00:00","dateModified":"2020-06-01T18:45:16+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/7cdd4328aaa82c6c13caee5961755200"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100600-gbp-eur-german-inflation.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100600-gbp-eur-german-inflation.jpg","width":2207,"height":1193,"caption":"GBP\/EUR: Will German Inflation Pull The Euro Lower?"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/103320-gbp-eur-pound-recoups-1-12-as-euro-rally-stalls\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/EUR: Pound Recoups 1.12 as Manufacturing Data Hits Euro"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/7cdd4328aaa82c6c13caee5961755200","name":"Jasper Lawler","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/033dd9202c108be953e1051ba62e5f6a16ff376ce29486d8b9a8cf9dcc8a2d39?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/033dd9202c108be953e1051ba62e5f6a16ff376ce29486d8b9a8cf9dcc8a2d39?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/033dd9202c108be953e1051ba62e5f6a16ff376ce29486d8b9a8cf9dcc8a2d39?s=96&d=blank&r=g","caption":"Jasper Lawler"},"url":"https:\/\/currencylive.com\/news\/author\/jasper\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100600-gbp-eur-german-inflation.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/100708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946608"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=100708"}],"version-history":[{"count":3,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/100708\/revisions"}],"predecessor-version":[{"id":100720,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/100708\/revisions\/100720"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5521"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=100708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=100708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=100708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}