{"id":101977,"date":"2020-07-15T12:08:14","date_gmt":"2020-07-15T16:08:14","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=101977"},"modified":"2020-07-16T07:07:38","modified_gmt":"2020-07-16T11:07:38","slug":"103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\/","title":{"rendered":"GBP\/EUR: Euro dips after Apple wins appeal in EU tax case"},"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 Wednesday.<\/p>\n<ul>\n<li><strong>UK CPI tops expectations but remains well under the BOE target<\/strong><\/li>\n<li><strong>Euro hits 4-month high over dollar, pulls back versus pound<\/strong><\/li>\n<li><strong>Oxford vaccine reports bolster Sterling and stock markets<\/strong><\/li>\n<li><strong>Apple wins court case over $14.9 billion EU tax bill<\/strong><\/li>\n<\/ul>\n<p>GBP\/EUR was up by 30 pips (+0.10%) to 1.1037 as of 3pm GMT. This week it is lower by -1.22%.<\/p>\n<p>The currency pair held 1.10 early on and drifted up to 1.105 in a corrective move higher following two days of steeper selling.<\/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: Pound gets relief bounce after CPI higher<\/h2>\n<p>There was some relief from the prior two days of selling the pound on Wednesday. Better UK inflation data and a risk-on market environment thanks to vaccine developments (today\u2019s in the UK) helped bolster sentiment.<\/p>\n<p>UK June CPI was 0.6% versus the 0.4% expected. It\u2019s still way off the 2% target set by the Bank of England but does relieve some of the pressure on the BOE to add stimulus at the next meeting. That said, Monetary Policy Committee (MPC) Member Silvana Tenreyro commented today that she was willing to vote for further policy action as necessary.<\/p>\n<h2>EUR: Apple wins EU court case<\/h2>\n<p>A report from ITV\u2019s Robert Peston that the Oxford Covid-19 vaccine that has been backed by AstraZeneca is set to report good results in its latest trials added to optimism across markets \u2013 but also to the pound, where it might be assumed the UK government would have first access.<\/p>\n<p>US dollar outflows and optimism about recovery fund also bolstered the euro, with EUR\/USD striking a 4-month high but the British pound got the edge after a two-day sell-off.<\/p>\n<p>News that Apple had won its court case with the European Union over its decision to impose a $14.9 billion tax bill that would be paid to Ireland may have contributed to the euro weakness. It\u2019s a setback for lawmakers who had been trying to crackdown on sweetheart tax deals in member countries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The British pound (GBP) is higher against the euro (EUR) on Wednesday. UK CPI tops expectations but remains well under the BOE target Euro hits 4-month high over dollar, pulls back versus pound Oxford vaccine reports bolster Sterling and stock markets Apple wins court case over $14.9 billion EU tax bill GBP\/EUR was up by [&hellip;]<\/p>\n","protected":false},"author":163946608,"featured_media":5460,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[2982,2983,2649,1393,1833],"class_list":{"0":"post-101977","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-apple-appeal","10":"tag-eu-court","11":"tag-eur-gbp","12":"tag-euro","13":"tag-uk-cpi"},"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 dips after Apple wins appeal in EU tax case - 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\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\/\" \/>\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\\\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\\\/\"},\"author\":{\"name\":\"Jasper Lawler\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/7cdd4328aaa82c6c13caee5961755200\"},\"headline\":\"GBP\\\/EUR: Euro dips after Apple wins appeal in EU tax case\",\"datePublished\":\"2020-07-15T16:08:14+00:00\",\"dateModified\":\"2020-07-16T11:07:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\\\/\"},\"wordCount\":374,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100954-gbp-eur-euro-slips-eurozone-data.jpg\",\"keywords\":[\"apple appeal\",\"eu court\",\"eur\\\/gbp\",\"euro\",\"UK CPI\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\\\/\",\"name\":\"GBP\\\/EUR: Euro dips after Apple wins appeal in EU tax case - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100954-gbp-eur-euro-slips-eurozone-data.jpg\",\"datePublished\":\"2020-07-15T16:08:14+00:00\",\"dateModified\":\"2020-07-16T11:07:38+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/7cdd4328aaa82c6c13caee5961755200\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100954-gbp-eur-euro-slips-eurozone-data.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100954-gbp-eur-euro-slips-eurozone-data.jpg\",\"width\":1200,\"height\":675,\"caption\":\"eur-bank-notes-magnifying-glass - EUR\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/EUR: Euro dips after Apple wins appeal in EU tax case\"}]},{\"@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: Euro dips after Apple wins appeal in EU tax case - 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\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\/","twitter_misc":{"Written by":"Jasper Lawler","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\/"},"author":{"name":"Jasper Lawler","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/7cdd4328aaa82c6c13caee5961755200"},"headline":"GBP\/EUR: Euro dips after Apple wins appeal in EU tax case","datePublished":"2020-07-15T16:08:14+00:00","dateModified":"2020-07-16T11:07:38+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\/"},"wordCount":374,"image":{"@id":"https:\/\/currencylive.com\/news\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100954-gbp-eur-euro-slips-eurozone-data.jpg","keywords":["apple appeal","eu court","eur\/gbp","euro","UK CPI"],"articleSection":["EUR","GBP"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\/","url":"https:\/\/currencylive.com\/news\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\/","name":"GBP\/EUR: Euro dips after Apple wins appeal in EU tax case - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100954-gbp-eur-euro-slips-eurozone-data.jpg","datePublished":"2020-07-15T16:08:14+00:00","dateModified":"2020-07-16T11:07:38+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/7cdd4328aaa82c6c13caee5961755200"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100954-gbp-eur-euro-slips-eurozone-data.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100954-gbp-eur-euro-slips-eurozone-data.jpg","width":1200,"height":675,"caption":"eur-bank-notes-magnifying-glass - EUR"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/103625-gbp-eur-euro-dips-after-apple-wins-appeal-in-eu-tax-case\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/EUR: Euro dips after Apple wins appeal in EU tax case"}]},{"@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\/100954-gbp-eur-euro-slips-eurozone-data.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/101977","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=101977"}],"version-history":[{"count":3,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/101977\/revisions"}],"predecessor-version":[{"id":101999,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/101977\/revisions\/101999"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5460"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=101977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=101977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=101977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}