{"id":105472,"date":"2020-10-01T07:00:39","date_gmt":"2020-10-01T06:00:39","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105472"},"modified":"2020-10-01T06:42:10","modified_gmt":"2020-10-01T05:42:10","slug":"104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\/","title":{"rendered":"GBP\/EUR: Pair Holds \u20ac1.10 Ahead of Manufacturing PMI"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) holds yesterday\u2019s gains, BoE\u2019s Haldane forecasts 20% GDP in Q3<\/strong><\/li>\n<li><strong>UK Manufacturing PMI to confirm 54.3<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) slipped over inflation concerns<\/strong><\/li>\n<li><strong>German manufacturing PMI due to confirm 56.6<\/strong><\/li>\n<\/ul>\n<p>The Pound Euro (<a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-to-cad-exchange-rate-today\/\">GBP\/EUR<\/a>) exchange rate is treading water after strong gains in the previous session. The pair surged 0.7% higher on Wednesday, settling at \u20ac1.1020, approximately the high of the day. At 05:15 UTC, GBP\/EUR trades just a few pips lower.<\/p>\n<p>UK GDP for the second quarter was finalised at -19.8% contraction. This was a very slight improvement on the -20.4% originally forecast in the period when lockdown measures were in full force. The contraction was the biggest ever recorded.<\/p>\n<p>Bank of England\u2019s chief economist Andy Haldane, however, sounded much more upbeat than his peers when he spoke at an online event on Wednesday. He said that the economy faces an \u201cunholy trinity\u201d of risks from rising covid cases. However, he also predicted a 20% growth in Q3.<\/p>\n<p>That said recent rebound appears to be fading and with tighter lockdown restrictions coming into force almost daily in the UK and unemployment rising, the economic rebound could stall in the final quarter of the year. Bank of England Governor Andrew Bailey forecast 7.5% unemployment by Christmas.<\/p>\n<p>Attention will now turn to the manufacturing PMI for September. The reading is expected to confirm the initial PMI of 54.3. A strong reading could help boost the Pound. Broadly speaking manufacturing sectors have been recovering better than service sectors from the lockdown hit.<\/p>\n<p>The Euro fell sharply lower in the previous session after European Central Bank President Christine Lagarde warned that low inflation could prove to be a headache for the central bank. Inflation in August moved into negative territory. This month, inflation which is due to be released on Friday, is also expected to show disinflation and at a deeper rate.<\/p>\n<p>Today all eyes will be on the manufacturing PMI figures. A strong reading from Germany at 56.6 is expected, after the solid retail sales reported in August.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) holds yesterday\u2019s gains, BoE\u2019s Haldane forecasts 20% GDP in Q3 UK Manufacturing PMI to confirm 54.3 Euro (EUR) slipped over inflation concerns German manufacturing PMI due to confirm 56.6 The Pound Euro (GBP\/EUR) exchange rate is treading water after strong gains in the previous session. The pair surged 0.7% higher on Wednesday, settling [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":4205,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1393,1394,1409,1457,1391],"class_list":{"0":"post-105472","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-euro","11":"tag-gbp","12":"tag-gdp","13":"tag-manufacturing","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: Pair Holds \u20ac1.10 Ahead of Manufacturing PMI - 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\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\/\" \/>\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\\\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Pair Holds \u20ac1.10 Ahead of Manufacturing PMI\",\"datePublished\":\"2020-10-01T06:00:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\\\/\"},\"wordCount\":341,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100290-gbp-usd-manufacturing-pmi.jpg\",\"keywords\":[\"eur\",\"euro\",\"gbp\",\"gdp\",\"manufacturing\",\"pound\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\\\/\",\"name\":\"GBP\\\/EUR: Pair Holds \u20ac1.10 Ahead of Manufacturing PMI - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100290-gbp-usd-manufacturing-pmi.jpg\",\"datePublished\":\"2020-10-01T06:00:39+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100290-gbp-usd-manufacturing-pmi.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100290-gbp-usd-manufacturing-pmi.jpg\",\"width\":725,\"height\":400,\"caption\":\"GBP\\\/USD: UK and US Manufacturing in Focus As Investors Brace For A Busy Week\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/EUR: Pair Holds \u20ac1.10 Ahead of Manufacturing PMI\"}]},{\"@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: Pair Holds \u20ac1.10 Ahead of Manufacturing PMI - 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\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"GBP\/EUR: Pair Holds \u20ac1.10 Ahead of Manufacturing PMI","datePublished":"2020-10-01T06:00:39+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\/"},"wordCount":341,"image":{"@id":"https:\/\/currencylive.com\/news\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100290-gbp-usd-manufacturing-pmi.jpg","keywords":["eur","euro","gbp","gdp","manufacturing","pound"],"articleSection":["EUR","GBP"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\/","url":"https:\/\/currencylive.com\/news\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\/","name":"GBP\/EUR: Pair Holds \u20ac1.10 Ahead of Manufacturing PMI - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100290-gbp-usd-manufacturing-pmi.jpg","datePublished":"2020-10-01T06:00:39+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100290-gbp-usd-manufacturing-pmi.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100290-gbp-usd-manufacturing-pmi.jpg","width":725,"height":400,"caption":"GBP\/USD: UK and US Manufacturing in Focus As Investors Brace For A Busy Week"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/104518-gbp-eur-pair-holds-e1-10-ahead-of-manufacturing-pmi\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/EUR: Pair Holds \u20ac1.10 Ahead of Manufacturing PMI"}]},{"@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\/100290-gbp-usd-manufacturing-pmi.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/105472","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=105472"}],"version-history":[{"count":2,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/105472\/revisions"}],"predecessor-version":[{"id":105479,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/105472\/revisions\/105479"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/4205"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=105472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=105472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=105472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}