{"id":104246,"date":"2020-09-07T18:44:49","date_gmt":"2020-09-07T17:44:49","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=104246"},"modified":"2020-09-07T18:46:24","modified_gmt":"2020-09-07T17:46:24","slug":"104190-eur-gbp-advances-to-a-weekly-high","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104190-eur-gbp-advances-to-a-weekly-high\/","title":{"rendered":"EUR\/GBP advances to a weekly high"},"content":{"rendered":"<ul>\n<li><strong>EUR\/GBP trends higher at the start of the week, as the pair continues to pick up from last week\u2019s 3 month low<\/strong><\/li>\n<li><strong>No-deal Brexit fears are rising offering support to the pair<\/strong><\/li>\n<\/ul>\n<p>Pound weakness picked up pushing EUR\/GBP to a weekly high around 0.8960.<\/p>\n<p>The pair is seeing buying interest on Monday, adding to last weeks\u2019 recovery around 0.8865, a three-month low. The rally in EUR\/GBP was helped along by selling pressure in the Pound amid rising no trade deal Brexit fears.<\/p>\n<p>UK Brexit negotiator David Frost stated that the UK is not afraid of a no deal Brexit. Boris Johnson also set a deadline for a free trade deal to be agreed with the EU by the October 15, as reported in the Telegraph.<\/p>\n<p>These Brexit bombshells come following dovish comments by BoE\u2019s Michael Saunders last week. BoE policy maker Michael Saunders said the central bank was likely to up their unprecedented emergency support measures over the next few months in a bid to boost inflation.<\/p>\n<p>Meanwhile, the euro was also out of favour amid ECB concerns over the value of the common currency. Last week, the ECB Chief Economist Philip Lane said that value of the Euro is relevant for monetary policy.<\/p>\n<p>Investors will now turn their attention to the ECB\u2019s monetary policy decision on Thursday. Prior to Thursday Brexit headlines will drive movement in the Pound potentially producing some trading opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/GBP trends higher at the start of the week, as the pair continues to pick up from last week\u2019s 3 month low No-deal Brexit fears are rising offering support to the pair Pound weakness picked up pushing EUR\/GBP to a weekly high around 0.8960. The pair is seeing buying interest on Monday, adding to last [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5970,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,2412,1394],"class_list":{"0":"post-104246","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-eur","10":"tag-eur-usd","11":"tag-gbp"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/GBP advances to a weekly high - 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\/104190-eur-gbp-advances-to-a-weekly-high\/\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104190-eur-gbp-advances-to-a-weekly-high\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104190-eur-gbp-advances-to-a-weekly-high\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/GBP advances to a weekly high\",\"datePublished\":\"2020-09-07T17:44:49+00:00\",\"dateModified\":\"2020-09-07T17:46:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104190-eur-gbp-advances-to-a-weekly-high\\\/\"},\"wordCount\":243,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104190-eur-gbp-advances-to-a-weekly-high\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2017\\\/08\\\/pounds-brexit.jpg\",\"keywords\":[\"eur\",\"eur\\\/usd\",\"gbp\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104190-eur-gbp-advances-to-a-weekly-high\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104190-eur-gbp-advances-to-a-weekly-high\\\/\",\"name\":\"EUR\\\/GBP advances to a weekly high - 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