{"id":100857,"date":"2020-06-04T11:10:09","date_gmt":"2020-06-04T15:10:09","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=100857"},"modified":"2020-06-04T11:35:20","modified_gmt":"2020-06-04T15:35:20","slug":"gbp-eur-euro-jumps-after-germany-and-ecb-stimulus","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/gbp-eur-euro-jumps-after-germany-and-ecb-stimulus\/","title":{"rendered":"GBP\/EUR: Euro Jumps after Germany and ECB Stimulus"},"content":{"rendered":"<p>The <a href=\"https:\/\/currencylive.com\/news\/currency\/gbp\/\">British pound<\/a> is lower against the <a href=\"https:\/\/currencylive.com\/news\/currency\/eur\/\">euro<\/a> on Thursday.<\/p>\n<ul>\n<li><strong>ECB increases PEPP bond buying by \u20ac600 billion<\/strong><\/li>\n<li><strong>Germany agrees \u20ac130 billion stimulus package<\/strong><\/li>\n<li><strong>Spain plans late June tourism reopening<\/strong><\/li>\n<li><strong>EU\/UK negotiators to make statements tomorrow<\/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 72 pips (-0.64%) to 1.1118 as of 3pm GMT.<\/p>\n<p>The currency pair traded around 1.12 until the afternoon when it slid around below 1.115 but held above 1.11. Yesterday the exchange rate fell -0.37% &#8211; leaving it unchanged on the week.<\/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: Awaiting Friday trade talk conclusion<\/h2>\n<p>Movements in the exchange rate were all about positivity in the euro rather than any negative events to work against Sterling. The pound has done a full turn this week, beginning with optimism for a post-Brexit compromise before those hopes were dashed.<\/p>\n<p>The chief negotiatiors from the EU and UK sides are expected, like on previous occasions to offer their opinion on the status of the trade talks tomorrow. Expectations are low so any sign of agreement- especially on the hot potato issue of fisheries would be a positive surprise.<\/p>\n<h2>EUR: Bond buying and fiscal stimulus<\/h2>\n<p>The ECB announced Thursday it would expand the size of its emergency bond-buying program by \u20ac600 billion \u2013 totalling \u20ac1.35 trillion. It will also extend the duration of the program until at least June next year, or whenever the pandemic is over. The decision came off the back of weakening forecasts for the Eurozone economy.\u00a0Although it didn\u2019t say as much, keeping the cost of borrowing down for governments which are embarking on huge stimulus programs, including the possible joint-issuance of euro bonds- will have been another consideration.<\/p>\n<p>Last night German lawmakers agreed a stimulus package worth \u20ac130 billion, including the requirement for all petrol stations to offer an electric charging station. The program is designed to accelerate the German economic recovery after a two-month lockdown brought activity to a standstill.<\/p>\n<p>Adding to the good feeling, Spain \u2013 one of Europe\u2019s top tourist destinations \u2013 and also one of the previous virus hotspots plans to reopen land borders with France and Portugal on June 22.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The British pound is lower against the euro on Thursday. ECB increases PEPP bond buying by \u20ac600 billion Germany agrees \u20ac130 billion stimulus package Spain plans late June tourism reopening EU\/UK negotiators to make statements tomorrow GBP\/EUR was lower by 72 pips (-0.64%) to 1.1118 as of 3pm GMT. The currency pair traded around 1.12 [&hellip;]<\/p>\n","protected":false},"author":163946608,"featured_media":3687,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[2722,1393,2410,2829,2830],"class_list":{"0":"post-100857","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-ecb-meeting","10":"tag-euro","11":"tag-gbp-eur","12":"tag-germany-stimulus","13":"tag-spain-tourism"},"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: Euro Jumps after Germany and ECB Stimulus - 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\/gbp-eur-euro-jumps-after-germany-and-ecb-stimulus\/\" \/>\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\\\/gbp-eur-euro-jumps-after-germany-and-ecb-stimulus\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-euro-jumps-after-germany-and-ecb-stimulus\\\/\"},\"author\":{\"name\":\"Jasper Lawler\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/7cdd4328aaa82c6c13caee5961755200\"},\"headline\":\"GBP\\\/EUR: Euro Jumps after Germany and ECB Stimulus\",\"datePublished\":\"2020-06-04T15:10:09+00:00\",\"dateModified\":\"2020-06-04T15:35:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-euro-jumps-after-germany-and-ecb-stimulus\\\/\"},\"wordCount\":377,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-euro-jumps-after-germany-and-ecb-stimulus\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100087-eur-usd-comey-ecb-fears.jpg\",\"keywords\":[\"ecb meeting\",\"euro\",\"gbp\\\/eur\",\"germany stimulus\",\"spain tourism\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-euro-jumps-after-germany-and-ecb-stimulus\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-euro-jumps-after-germany-and-ecb-stimulus\\\/\",\"name\":\"GBP\\\/EUR: Euro Jumps after Germany and ECB Stimulus - 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