{"id":102241,"date":"2020-07-23T02:00:29","date_gmt":"2020-07-23T06:00:29","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=102241"},"modified":"2020-07-23T04:20:15","modified_gmt":"2020-07-23T08:20:15","slug":"103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\/","title":{"rendered":"GBP\/EUR: Pound Consolidates Losses As Geopolitical Tensions Remain"},"content":{"rendered":"<ul>\n<li><strong>The lack of progress in Brexit talks drags on the <a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP)<\/strong><\/li>\n<li><strong>China warns over UK\u2019 s path to citizenship to Hong Kong resident<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) has surged across the week following EU recovery fund agreement.<\/strong><\/li>\n<li><strong>Eurozone &amp; German consumer sentiment data in focus<\/strong><\/li>\n<\/ul>\n<p>The <a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-eur-exchange-rate-today\/\">Pound Euro exchange rate<\/a> (GBP\/EUR) is holding steady, consolidating losses. The pair settled -0.3% lower on Wednesday at \u20ac1.1009, after picking up from the session nadir of \u20ac1.0947. At 05:15 UTC, GBP\/EUR trades +0.03% at \u20ac1.1011.<\/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<p>Geopolitical issues have weighed on the Pound this week. Firstly, Brexit talks appear to be going nowhere fast. The British government has reportedly considered calling off negotiations and is assuming that the UK will leave the EU with the unfavourable World Trade Organisation agreement. Meanwhile Brussels has warned that time is running out.<\/p>\n<p>Brussels is increasingly concerned over the logistics of getting the deal into legal force before the end of the transition period and giving it sufficient time to be ratified.<\/p>\n<p>Both EU chief negotiator Michel Barnier and his UK counterpart David Frost are expected to vent their frustration later today.<\/p>\n<p>UK \u2013 China tensions are also a concern after China warns UK on citizenship to Hong Kong residents saying that it violates international law. The retaliation from China comes after US Secretary of State Mike Pompeo visited UK.<\/p>\n<p>The UK economic calendar has been light this week. There is no high impacting data due to be released today. Investors will look ahead to UK retail sales and PMI numbers tomorrow.<\/p>\n<p>The Euro has gone from strength to strength following the announcement of the EU recovery fund at the start of the week. On Wednesday, European Central Bank President Christine Lagarde expressed satisfaction at the deal agreement which is aimed at supporting those economies hardest hit by the coronavirus pandemic.<\/p>\n<p>Investors will now look ahead to the release of German and Eurozone consumer confidence data for further clues as to the progress of the economic recovery. Analysts are expecting consumer confidence to continue improving in both the eurozone\u2019s largest economy and the region as a whole. This is important because a confident consumer tends to spend more boosting the economic recovery.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The lack of progress in Brexit talks drags on the Pound (GBP) China warns over UK\u2019 s path to citizenship to Hong Kong resident Euro (EUR) has surged across the week following EU recovery fund agreement. Eurozone &amp; German consumer sentiment data in focus The Pound Euro exchange rate (GBP\/EUR) is holding steady, consolidating losses. [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5024,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1386,1399,1435,1393,1394,1391,2578],"class_list":{"0":"post-102241","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-brexit","10":"tag-china","11":"tag-consumer-confidence","12":"tag-euro","13":"tag-gbp","14":"tag-pound","15":"tag-ur"},"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: Pound Consolidates Losses As Geopolitical Tensions Remain - 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\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\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\\\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Pound Consolidates Losses As Geopolitical Tensions Remain\",\"datePublished\":\"2020-07-23T06:00:29+00:00\",\"dateModified\":\"2020-07-23T08:20:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\\\/\"},\"wordCount\":399,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100721-gbp-eur-pound-remains-at-high.jpg\",\"keywords\":[\"Brexit\",\"china\",\"consumer confidence\",\"euro\",\"gbp\",\"pound\",\"ur\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\\\/\",\"name\":\"GBP\\\/EUR: Pound Consolidates Losses As Geopolitical Tensions Remain - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100721-gbp-eur-pound-remains-at-high.jpg\",\"datePublished\":\"2020-07-23T06:00:29+00:00\",\"dateModified\":\"2020-07-23T08:20:15+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100721-gbp-eur-pound-remains-at-high.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100721-gbp-eur-pound-remains-at-high.jpg\",\"width\":725,\"height\":400,\"caption\":\"GBP\\\/EUR: Pound Remains at 6 Month High vs. Euro\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/EUR: Pound Consolidates Losses As Geopolitical Tensions Remain\"}]},{\"@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\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/EUR: Pound Consolidates Losses As Geopolitical Tensions Remain - 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\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"GBP\/EUR: Pound Consolidates Losses As Geopolitical Tensions Remain","datePublished":"2020-07-23T06:00:29+00:00","dateModified":"2020-07-23T08:20:15+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\/"},"wordCount":399,"image":{"@id":"https:\/\/currencylive.com\/news\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100721-gbp-eur-pound-remains-at-high.jpg","keywords":["Brexit","china","consumer confidence","euro","gbp","pound","ur"],"articleSection":["EUR","GBP"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\/","url":"https:\/\/currencylive.com\/news\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\/","name":"GBP\/EUR: Pound Consolidates Losses As Geopolitical Tensions Remain - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100721-gbp-eur-pound-remains-at-high.jpg","datePublished":"2020-07-23T06:00:29+00:00","dateModified":"2020-07-23T08:20:15+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100721-gbp-eur-pound-remains-at-high.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100721-gbp-eur-pound-remains-at-high.jpg","width":725,"height":400,"caption":"GBP\/EUR: Pound Remains at 6 Month High vs. Euro"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/103676-gbp-eur-pound-consolidates-losses-as-geopolitical-tensions-remain\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/EUR: Pound Consolidates Losses As Geopolitical Tensions Remain"}]},{"@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\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100721-gbp-eur-pound-remains-at-high.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/102241","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\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=102241"}],"version-history":[{"count":3,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/102241\/revisions"}],"predecessor-version":[{"id":102251,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/102241\/revisions\/102251"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5024"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=102241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=102241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=102241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}