{"id":101988,"date":"2020-07-16T03:13:35","date_gmt":"2020-07-16T07:13:35","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=101988"},"modified":"2020-07-16T03:13:35","modified_gmt":"2020-07-16T07:13:35","slug":"103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\/","title":{"rendered":"GBP\/INR: Pound Continues to Bleed as Investors Eye Riskier Assets"},"content":{"rendered":"

GBP\/INR<\/a> is flashing red for the second consecutive session, after failing to consolidate above 95.000. Currently, one British pound<\/a> buys 94.380 Indian rupees<\/a>, down 0.13% as of 6:30 AM UTC.<\/p>\n

The pound is losing ground as investors continue to focus on riskier assets amid hopes that a COVID vaccine would put an end to the pandemic. US biotech firm Moderna reported earlier this week that it had successfully trialed its vaccine against the new coronavirus, and is now moving to the next phase to test it on 30,000 people.<\/p>\n

However, the number of COVID cases continues to surge. India reported another record of daily new cases on Wednesday, with over 32,000 infections. Many regions and cities are reimposing strict lockdown measures, which hits the fragile economic recovery that was observed at the beginning of the month.<\/p>\n

Pound Ignores Strong Labour Market Data<\/h2>\n

Nevertheless, the pound is correcting despite upbeat labour market data. The Office for National Statistics reported a few hours ago that the pace of decline in the UK\u2019s labour market slowed last month. Thus, the number of workers declined by 649,000 in the three months to June, with most of the decline registered at the start of the outbreak.<\/p>\n

The unemployment level surprisingly remained unchanged at 3.9% in the three months to May, while analysts expected an increase to 4.2%. Despite the seemingly limited damage to the labour market, the ONS figures do not include furloughed staff.<\/p>\n

Another sign of concern is that the number of vacancies dropped in the three months to June to the lowest level on record, at 333,000, which is 23% lower than the previous low in 2009.<\/p>\n

Last week, finance minister Rishi Sunak unveiled the 30 billion-pound program to address an expected increase in unemployment. The scheme includes the payment of bonuses businesses that welcome back furloughed workers.<\/p>\n

The pound versus rupee would have probably revisited the 95.000 level, but the fragile recovery of Britain\u2019s gross domestic product (GDP) has disappointed investors. Yesterday, the ONS reported that the UK economy gained only 1.8% in May, after a 20% contraction in April. Analysts expected a 5% increase for May.<\/p>\n","protected":false},"excerpt":{"rendered":"

GBP\/INR is flashing red for the second consecutive session, after failing to consolidate above 95.000. Currently, one British pound buys 94.380 Indian rupees, down 0.13% as of 6:30 AM UTC. The pound is losing ground as investors continue to focus on riskier assets amid hopes that a COVID vaccine would put an end to the […]<\/p>\n","protected":false},"author":163946609,"featured_media":47015,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1693],"tags":[2423,1394,1861,1666,2684],"class_list":{"0":"post-101988","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-inr","9":"tag-covid","10":"tag-gbp","11":"tag-gbp-inr","12":"tag-inr","13":"tag-uk-unemployment"},"acf":[],"yoast_head":"\nGBP\/INR: Pound Continues to Bleed as Investors Eye Riskier Assets - 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\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anatol Antonovici\" \/>\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\\\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\\\/\"},\"author\":{\"name\":\"Anatol Antonovici\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c9c031720b5822c1d9bb63b59c6535ce\"},\"headline\":\"GBP\\\/INR: Pound Continues to Bleed as Investors Eye Riskier Assets\",\"datePublished\":\"2020-07-16T07:13:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\\\/\"},\"wordCount\":352,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/gbp-inr.jpg\",\"keywords\":[\"covid\",\"gbp\",\"gbp\\\/inr\",\"inr\",\"UK unemployment\"],\"articleSection\":[\"GBP\",\"INR\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\\\/\",\"name\":\"GBP\\\/INR: Pound Continues to Bleed as Investors Eye Riskier Assets - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/gbp-inr.jpg\",\"datePublished\":\"2020-07-16T07:13:35+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c9c031720b5822c1d9bb63b59c6535ce\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/gbp-inr.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/gbp-inr.jpg\",\"width\":1200,\"height\":675,\"caption\":\"inr-bank-notes - INR\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/INR: Pound Continues to Bleed as Investors Eye Riskier Assets\"}]},{\"@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\\\/c9c031720b5822c1d9bb63b59c6535ce\",\"name\":\"Anatol Antonovici\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/38b3e7f20d7a1bb12ef894996e88cd6cc079c02b14543bca8d80e65fffb21bc3?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/38b3e7f20d7a1bb12ef894996e88cd6cc079c02b14543bca8d80e65fffb21bc3?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/38b3e7f20d7a1bb12ef894996e88cd6cc079c02b14543bca8d80e65fffb21bc3?s=96&d=blank&r=g\",\"caption\":\"Anatol Antonovici\"},\"description\":\"Anatol Antonovici is a foreign exchange and cryptocurrency writer with over seven years of trading and journalism experience. He has covered Forex currencies from a fundamental perspective, especially GBP and USD-related pairs. Besides his Forex-related activities, Anatol is a cryptocurrency journalist who has worked for several crypto news sites, including Bitcoinist, Cointelegraph and Cryptovest\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/anatol-antonovicitw-external-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/INR: Pound Continues to Bleed as Investors Eye Riskier Assets - 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\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\/","twitter_misc":{"Written by":"Anatol Antonovici","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\/"},"author":{"name":"Anatol Antonovici","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/c9c031720b5822c1d9bb63b59c6535ce"},"headline":"GBP\/INR: Pound Continues to Bleed as Investors Eye Riskier Assets","datePublished":"2020-07-16T07:13:35+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\/"},"wordCount":352,"image":{"@id":"https:\/\/currencylive.com\/news\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/gbp-inr.jpg","keywords":["covid","gbp","gbp\/inr","inr","UK unemployment"],"articleSection":["GBP","INR"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\/","url":"https:\/\/currencylive.com\/news\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\/","name":"GBP\/INR: Pound Continues to Bleed as Investors Eye Riskier Assets - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/gbp-inr.jpg","datePublished":"2020-07-16T07:13:35+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/c9c031720b5822c1d9bb63b59c6535ce"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/gbp-inr.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/gbp-inr.jpg","width":1200,"height":675,"caption":"inr-bank-notes - INR"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/103629-gbp-inr-pound-continues-to-bleed-as-investors-eye-riskier-assets\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/INR: Pound Continues to Bleed as Investors Eye Riskier Assets"}]},{"@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\/c9c031720b5822c1d9bb63b59c6535ce","name":"Anatol Antonovici","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/38b3e7f20d7a1bb12ef894996e88cd6cc079c02b14543bca8d80e65fffb21bc3?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/38b3e7f20d7a1bb12ef894996e88cd6cc079c02b14543bca8d80e65fffb21bc3?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/38b3e7f20d7a1bb12ef894996e88cd6cc079c02b14543bca8d80e65fffb21bc3?s=96&d=blank&r=g","caption":"Anatol Antonovici"},"description":"Anatol Antonovici is a foreign exchange and cryptocurrency writer with over seven years of trading and journalism experience. He has covered Forex currencies from a fundamental perspective, especially GBP and USD-related pairs. Besides his Forex-related activities, Anatol is a cryptocurrency journalist who has worked for several crypto news sites, including Bitcoinist, Cointelegraph and Cryptovest","url":"https:\/\/currencylive.com\/news\/author\/anatol-antonovicitw-external-com\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/gbp-inr.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/101988","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\/163946609"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=101988"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/101988\/revisions"}],"predecessor-version":[{"id":101989,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/101988\/revisions\/101989"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/47015"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=101988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=101988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=101988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}