{"id":101900,"date":"2020-07-13T12:55:05","date_gmt":"2020-07-13T16:55:05","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=101900"},"modified":"2020-07-13T12:55:05","modified_gmt":"2020-07-13T16:55:05","slug":"103605-gbp-eur-british-pound-dips-after-fortnight-win-streak","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103605-gbp-eur-british-pound-dips-after-fortnight-win-streak\/","title":{"rendered":"GBP\/EUR: British pound dips after fortnight win streak"},"content":{"rendered":"<p>The British pound is lower against the euro on Monday.<\/p>\n<ul>\n<li><strong>Pound pressured after a fortnight-long rally<\/strong><\/li>\n<li><strong>PM Boris Johnson, BOE Governor Bailey speaking<\/strong><\/li>\n<li><strong>Frances\u2019s Le Mare thinks consumption is 5% below normal<\/strong><\/li>\n<\/ul>\n<p>GBP\/EUR was down by 55 pips (-0.49%) to 1.1106 as of 3pm GMT. Last week the exchange rate rose +0.64% for its second weekly gain in a row.<\/p>\n<p>The currency pair slid back from the 3-week high made on Friday to trade back down near the 1.11 handle. On Friday it had gained just +0.04% after reversing almost all of the day\u2019s gains.<\/p>\n<h2>GBP: Pound faces selling after win streak<\/h2>\n<p>The British pound faced some selling pressure on Monday off the back of a fortnightly gain over the euro. There was no particular news flow to influence it other than bearish traders taking advantage of higher prices to position for potential future Brexit \/ trade \/ pandemic related uncertainty.<\/p>\n<p>The Bank of England\u2019s Andrew Bailey was addressing a school in a virtual classroom but his comments were in keeping with previous guidance from the central bank and so non-market moving.<\/p>\n<p>Bailey said: &#8220;We are seeing the economy come back now somewhat, because obviously the restrictions are beginning to be lifted\u2026 But there&#8217;s a long way to go, we are very worried about jobs, as are a lot of people.&#8221;<\/p>\n<p>There was also a sight development on the British government&#8217;s policy toward the pandemic. Prime Minister Johnson commented \u201cWe do think masks have a great deal of value in confined spaces.\u201d So it seems likely masks could be mandatory in British shops quite soon.<\/p>\n<h2>EUR: Euro gains at start of a big week<\/h2>\n<p>The euro started the week on a firm footing, also making some choppy headway over the US dollar. It is a big week for events that could create movement in the currency; first the European Central Bank (ECB) meeting on Thursday and second the EU Summit on Friday.<\/p>\n<p>The euro did get a boost on Monday following some relatively bullish comments from French Finance Minister Bruno Le Maire, who has calculated that \u201cconsumption activity is just 5% lower than normal.\u201d Given the circumstances that would be very good if substantiated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The British pound is lower against the euro on Monday. Pound pressured after a fortnight-long rally PM Boris Johnson, BOE Governor Bailey speaking Frances\u2019s Le Mare thinks consumption is 5% below normal GBP\/EUR was down by 55 pips (-0.49%) to 1.1106 as of 3pm GMT. Last week the exchange rate rose +0.64% for its second [&hellip;]<\/p>\n","protected":false},"author":163946608,"featured_media":5593,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2469,1379],"tags":[2973,2722,2649,2410,2972,1391],"class_list":{"0":"post-101900","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-chf","8":"category-gbp","9":"tag-boris-johnson-masks","10":"tag-ecb-meeting","11":"tag-eur-gbp","12":"tag-gbp-eur","13":"tag-le-maire","14":"tag-pound"},"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: British pound dips after fortnight win streak - 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\/103605-gbp-eur-british-pound-dips-after-fortnight-win-streak\/\" \/>\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\\\/103605-gbp-eur-british-pound-dips-after-fortnight-win-streak\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103605-gbp-eur-british-pound-dips-after-fortnight-win-streak\\\/\"},\"author\":{\"name\":\"Jasper Lawler\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/7cdd4328aaa82c6c13caee5961755200\"},\"headline\":\"GBP\\\/EUR: British pound dips after fortnight win streak\",\"datePublished\":\"2020-07-13T16:55:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103605-gbp-eur-british-pound-dips-after-fortnight-win-streak\\\/\"},\"wordCount\":368,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103605-gbp-eur-british-pound-dips-after-fortnight-win-streak\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100637-gbp-usd-dollar-jumps-reduced-rate-cut.jpg\",\"keywords\":[\"boris johnson masks\",\"ecb meeting\",\"eur\\\/gbp\",\"gbp\\\/eur\",\"le maire\",\"pound\"],\"articleSection\":[\"CHF\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103605-gbp-eur-british-pound-dips-after-fortnight-win-streak\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103605-gbp-eur-british-pound-dips-after-fortnight-win-streak\\\/\",\"name\":\"GBP\\\/EUR: British pound dips after fortnight win streak - 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