{"id":101430,"date":"2020-06-24T12:57:41","date_gmt":"2020-06-24T16:57:41","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=101430"},"modified":"2020-06-24T13:08:58","modified_gmt":"2020-06-24T17:08:58","slug":"103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\/","title":{"rendered":"GBP\/EUR: US looking at $3.1 trillion in tariffs against EU goods"},"content":{"rendered":"<p>The <a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">British pound<\/a> is flat against the <a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">euro<\/a> on Wednesday.<\/p>\n<ul>\n<li><strong>US weighs $3.1 billion in new EU tariffs<\/strong><\/li>\n<li><strong>Bank of America calls GBP an emerging market currency<\/strong><\/li>\n<li><strong>German IFO business expectations beats estimates<\/strong><\/li>\n<li><strong>Pound-euro exchange rate is barely changed at +0.05% this week<\/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 9 pips (-0.10%) to 1.1060 as of 3pm GMT.<\/p>\n<p>Pound versus Euro was little changed, using yesterday\u2019s close as midpoint for range bound trading. Yesterday too was directionless with a +0.02% rise.<\/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: British pound an \u2018EM currency\u2019 says BofA<\/h2>\n<p>The pound was mostly moving in sync with subdued risk sentiment, with a note from Bank of America contrasting it with an EM currency garnering some attention.<\/p>\n<p>A notice published by the USTR (Office of the United States Trade Representative) \u2013 the agency responsible for developing and recommending US trade policy said the US could impose $3.1 Billion in new tariffs on the EU. The idea of an EU-US trade war has been off the table for a while but would be a significant risk to the euro. If the above were to happen, there is a good chance of a tit-for-tat response from the EU.<\/p>\n<h2>EUR: German business sentiment improves in June<\/h2>\n<p>A vast improvement in German business optimism in June is in keeping with the tone across financial markets, though had no lasting impact on the euro.<\/p>\n<p>German IFO data on Wednesday showed \u2018expectations\u2019 \u2013 a guide to business\u2019s outlook on the future rose to 91.4 over the 87.0 expected and up from the 80.1 in May. The reputation of German industry has been tarnished in the past week by the fall from grace of Wirecard on allegations of a multi-billion euro fraud.<\/p>\n<p>The euro was little moved after comments from top ECB policymaker and chief economist Philip Lane. One takeaway was that Lane prefers asset purchases as a tool to tackle the current crisis over negative interest rates. Lane\u2019s view that \u201cthe scale of the initial rebound may not be a guide for the recovery\u201d seems to be a widespread concern for central bankers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The British pound is flat against the euro on Wednesday. US weighs $3.1 billion in new EU tariffs Bank of America calls GBP an emerging market currency German IFO business expectations beats estimates Pound-euro exchange rate is barely changed at +0.05% this week GBP\/EUR was lower by 9 pips (-0.10%) to 1.1060 as of 3pm [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5284,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1394,2410],"class_list":["post-101430","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/EUR: US looking at $3.1 trillion in tariffs against EU goods - 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\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\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\\\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: US looking at $3.1 trillion in tariffs against EU goods\",\"datePublished\":\"2020-06-24T16:57:41+00:00\",\"dateModified\":\"2020-06-24T17:08:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\\\/\"},\"wordCount\":378,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100858-gbp-eur-pound-higher-vs-euro.jpg\",\"keywords\":[\"eur\",\"gbp\",\"gbp\\\/eur\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\\\/\",\"name\":\"GBP\\\/EUR: US looking at $3.1 trillion in tariffs against EU goods - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100858-gbp-eur-pound-higher-vs-euro.jpg\",\"datePublished\":\"2020-06-24T16:57:41+00:00\",\"dateModified\":\"2020-06-24T17:08:58+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100858-gbp-eur-pound-higher-vs-euro.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100858-gbp-eur-pound-higher-vs-euro.jpg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/EUR: US looking at $3.1 trillion in tariffs against EU goods\"}]},{\"@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\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\",\"name\":\"Ileana Ionescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"caption\":\"Ileana Ionescu\"},\"description\":\"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/ileana-ionescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/EUR: US looking at $3.1 trillion in tariffs against EU goods - 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\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"GBP\/EUR: US looking at $3.1 trillion in tariffs against EU goods","datePublished":"2020-06-24T16:57:41+00:00","dateModified":"2020-06-24T17:08:58+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\/"},"wordCount":378,"image":{"@id":"https:\/\/currencylive.com\/news\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100858-gbp-eur-pound-higher-vs-euro.jpg","keywords":["eur","gbp","gbp\/eur"],"articleSection":["EUR","GBP"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\/","url":"https:\/\/currencylive.com\/news\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\/","name":"GBP\/EUR: US looking at $3.1 trillion in tariffs against EU goods - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100858-gbp-eur-pound-higher-vs-euro.jpg","datePublished":"2020-06-24T16:57:41+00:00","dateModified":"2020-06-24T17:08:58+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100858-gbp-eur-pound-higher-vs-euro.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100858-gbp-eur-pound-higher-vs-euro.jpg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/103477-gbp-eur-us-looking-at-3-1-trillion-in-tariffs-against-eu-goods\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/EUR: US looking at $3.1 trillion in tariffs against EU goods"}]},{"@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\/3d5cb0a6a22d357fc0b9ad562f35e75b","name":"Ileana Ionescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","caption":"Ileana Ionescu"},"description":"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.","url":"https:\/\/currencylive.com\/news\/author\/ileana-ionescu\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100858-gbp-eur-pound-higher-vs-euro.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/101430","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\/163946598"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=101430"}],"version-history":[{"count":4,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/101430\/revisions"}],"predecessor-version":[{"id":101437,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/101430\/revisions\/101437"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5284"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=101430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=101430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=101430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}