{"id":104619,"date":"2020-09-15T07:00:47","date_gmt":"2020-09-15T06:00:47","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=104619"},"modified":"2020-09-15T05:40:02","modified_gmt":"2020-09-15T04:40:02","slug":"104288-gbp-eur-pound-slips-as-boris-johnsons-controversial-bill-passes-1st-hurdle","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104288-gbp-eur-pound-slips-as-boris-johnsons-controversial-bill-passes-1st-hurdle\/","title":{"rendered":"GBP\/EUR: Pound Slips As Boris Johnson\u2019s Controversial Bill Passes 1st Hurdle"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) edges lower after Boris Johnson\u2019s Internal Market\u2019s bill won by 77 majority<\/strong><\/li>\n<li><strong>UK unemployment data in focus<\/strong><\/li>\n<li><strong>Euro remained resilient at the French economy is faring better than expected<\/strong><\/li>\n<li><strong>German ZEW sentiment data in focus<\/strong><\/li>\n<\/ul>\n<p>The Pound Euro exchange rate is moving lower on Tuesday, paring gains from the previous session. The pair settled on Monday +0.28% at \u20ac1.0828, after falling back from a high of \u20ac1.0869 reached earlier in the session. At 05:15 UTC, GBP\/EUR trades -0.06% at \u20ac1.0815.<\/p>\n<p>Boris Johnson\u2019s internal market bill passed its first commons test, clearing its first vote in Parliament. The Prime Minister won the vote by 340 \u2013 263, a majority of 77 by convincing his party that the controversial part of the bill may never be invoked if a trade deal is agreed with the EU. The bill will have a second reading.<\/p>\n<p>Attention will now turn to the ILO UK unemployment data, which measure isn\u2019t painting an accurate picture of the current situation in the UK labour market at the moment. The latest reading showed that the unemployment rate stood at just 3.9% for the three months to June.<\/p>\n<p>This doesn\u2019t include those who are on furlough, as they aren\u2019t yet classified as unemployed. Over two thirds of those furloughed are now back at work. However, the final 2 million could find themselves joining the dole queue rather than returning to employment as the government\u2019s support to the labour market comes to an end in October and as social distancing restrictions are being tightened once again in the face of a second wave of covid infections.<\/p>\n<p>The Euro traded broadly higher versus its peers after data showed that the economic downturn in France was less severe than feared. The Bank of France estimated that the French economy will contract by 8.7% owing to the coronavirus crisis. This was better than the previously expected -10.3% slump. The second quarter shock was \u201cless significant\u201d than expected, lifting the annual reading.<\/p>\n<p>German ZEW sentiment data will be in focus now, providing further insight into the recovery in the eurozone\u2019s largest economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) edges lower after Boris Johnson\u2019s Internal Market\u2019s bill won by 77 majority UK unemployment data in focus Euro remained resilient at the French economy is faring better than expected German ZEW sentiment data in focus The Pound Euro exchange rate is moving lower on Tuesday, paring gains from the previous session. The pair [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5166,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1386,1395,1393,1394,1391,1523],"class_list":{"0":"post-104619","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-eur","11":"tag-euro","12":"tag-gbp","13":"tag-pound","14":"tag-zew-sentiment-data"},"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 Slips As Boris Johnson\u2019s Controversial Bill Passes 1st Hurdle - 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\/104288-gbp-eur-pound-slips-as-boris-johnsons-controversial-bill-passes-1st-hurdle\/\" \/>\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\\\/104288-gbp-eur-pound-slips-as-boris-johnsons-controversial-bill-passes-1st-hurdle\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104288-gbp-eur-pound-slips-as-boris-johnsons-controversial-bill-passes-1st-hurdle\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Pound Slips As Boris Johnson\u2019s Controversial Bill Passes 1st Hurdle\",\"datePublished\":\"2020-09-15T06:00:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104288-gbp-eur-pound-slips-as-boris-johnsons-controversial-bill-passes-1st-hurdle\\\/\"},\"wordCount\":358,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104288-gbp-eur-pound-slips-as-boris-johnsons-controversial-bill-passes-1st-hurdle\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100798-gbp-eur-brexit-back-to-parliament.jpg\",\"keywords\":[\"Brexit\",\"eur\",\"euro\",\"gbp\",\"pound\",\"zew sentiment data\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104288-gbp-eur-pound-slips-as-boris-johnsons-controversial-bill-passes-1st-hurdle\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104288-gbp-eur-pound-slips-as-boris-johnsons-controversial-bill-passes-1st-hurdle\\\/\",\"name\":\"GBP\\\/EUR: Pound Slips As Boris Johnson\u2019s Controversial Bill Passes 1st Hurdle - 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