{"id":102597,"date":"2020-07-30T02:00:22","date_gmt":"2020-07-30T06:00:22","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=102597"},"modified":"2020-07-30T04:48:07","modified_gmt":"2020-07-30T08:48:07","slug":"103725-gbp-eur-euro-edges-lower-ahead-of-german-gdp","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103725-gbp-eur-euro-edges-lower-ahead-of-german-gdp\/","title":{"rendered":"GBP\/EUR: Euro Edges Lower Ahead of German GDP"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) edges higher despite second wave fears and Brexit uncertainty<\/strong><\/li>\n<li><strong>UK car production declined -42% yoy<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) under pressure ahead of a barrage of data including German GDP &amp; unemployment<\/strong><\/li>\n<li><strong>German economy expected to contract -9% in Q2 YOY<\/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 advancing in early trade on Thursday. The pair settled -0.1% at \u20ac1.1021, off the session high of \u20ac1.1063 but still managing to hold above the key \u20ac1.10 psychological level. At 05:15 UTC GBP\/EUR trades.<\/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>This week has been a quiet week for the Pound with little in the way of economic data. As a result, coronavirus related sentiment, Brexit and UK \u2013 China relations have been driving any movement in the Pound.<\/p>\n<p>Fears of a second wave of coronavirus before winter are growing as covid cases increase by 14% over the past week. Whilst ministers have said the outbreak is extremely concerning, scientist have urged ministers not to panic. The government also signed a deal with GlaxoSmithKline and Sanofi for 60 million doses of their vaccine.<\/p>\n<p>UK cars production declined -42% year on year, the largest decline since 1954 during the 6 months to June according to the Society of a Motor Manufacturers and Traders. Plants and retailers closed in March, with some only reopening in May. This year the industry is expected to produce a third lower than in 2019.<\/p>\n<p>The Eurozone economic calendar has been relatively quiet so far this week, but that is set to change today with a slew of data from the region which will provide further insight as to the impact that coronavirus crisis is unleashing on the economy.<\/p>\n<p>German GDP data will be closely watched. Analysts are expecting the Eurozone\u2019s largest economy to contract -9% year on year in the second quarter, down from a -2.2% contraction in the first three months of the year. A better than forecast reading could see the Euro rally.<\/p>\n<p>Other data which will also be of interest with be German unemployment data which analysts expect to tick just 0.1% higher to 6.5% as the labour market remains supported by the government.<\/p>\n<p>Finally, Eurozone consumer confidence will also be under the spotlight. Analysts are expecting morale to remain steady and relatively depressed at -15.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) edges higher despite second wave fears and Brexit uncertainty UK car production declined -42% yoy Euro (EUR) under pressure ahead of a barrage of data including German GDP &amp; unemployment German economy expected to contract -9% in Q2 YOY The Pound Euro exchange rate (GBP\/EUR) is advancing in early trade on Thursday. The [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":3213,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[3047,1395,1393,1394,1426,1391],"class_list":{"0":"post-102597","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-car-production","10":"tag-eur","11":"tag-euro","12":"tag-gbp","13":"tag-german-gdp","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: Euro Edges Lower Ahead of German GDP - 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\/103725-gbp-eur-euro-edges-lower-ahead-of-german-gdp\/\" \/>\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\\\/103725-gbp-eur-euro-edges-lower-ahead-of-german-gdp\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103725-gbp-eur-euro-edges-lower-ahead-of-german-gdp\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Euro Edges Lower Ahead of German GDP\",\"datePublished\":\"2020-07-30T06:00:22+00:00\",\"dateModified\":\"2020-07-30T08:48:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103725-gbp-eur-euro-edges-lower-ahead-of-german-gdp\\\/\"},\"wordCount\":404,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103725-gbp-eur-euro-edges-lower-ahead-of-german-gdp\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100553-gbp-eur-trade-war-hits-germany-1.jpg\",\"keywords\":[\"car production\",\"eur\",\"euro\",\"gbp\",\"german gdp\",\"pound\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103725-gbp-eur-euro-edges-lower-ahead-of-german-gdp\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103725-gbp-eur-euro-edges-lower-ahead-of-german-gdp\\\/\",\"name\":\"GBP\\\/EUR: Euro Edges Lower Ahead of German GDP - 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