{"id":106141,"date":"2020-10-26T20:03:13","date_gmt":"2020-10-26T20:03:13","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106141"},"modified":"2020-10-26T20:03:13","modified_gmt":"2020-10-26T20:03:13","slug":"104641-eur-gbp-declines-to-daily-lows-of-0-9050","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\/","title":{"rendered":"EUR\/GBP declines to daily lows of 0.9050"},"content":{"rendered":"<ul>\n<li><strong>EUR\/GBP struggled to capitalize on the intraday move to 0.9100 .<\/strong><\/li>\n<li><strong>Dovish ECB expectations &amp; soaring COVID-19 cases in Europe dragged on the Euro.<\/strong><\/li>\n<li><strong>Brexit uncertainties weighed on GBP potentially limiting losses for the pair.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">EUR\/GBP\u00a0 quickly retreated\u00a0 50 pips or so in the early European session, reaching daily lows at 0.9055.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The pair again struggled to move beyond0.9100 round-figure mark but again failed at higher levels, EUR\/GBP now trades in negative territory. Euro weakness could be attributed to fears of a double-dip recession amid resurging coronavirus infections in Europe.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">France announced a fresh daily record of new covid cases on Sunday, of 52,000. Separately, Italy imposed partial lockdown measures, until November 24. Spain has approved a state of emergency and announced a national curfew. to stem the spread of the virus outbreak.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The developments prompted speculation that the European Central Bank (ECB)will be forced to extend the Pandemic Emergency Purchase Programme (PEPP) in December. The ECB are also expected to lower its economic projections, added pressure to the common currency, which is a key factor exerting\u00a0 pressure on EUR\/GBP .<\/span><\/p>\n<p><span style=\"font-weight: 400;\">German Ifo Business Climate Index, which eased to 92.7 in October\u00a0 versus\u00a0 93.2 in September missed\u00a0 estimates\u00a0 of 93.0 and dragged on the Euro.. The IFO Expectations Index also fell short of expectations and came in at 95.0 for October as compared to the previous month\u2019s 97.4 and 96.5 anticipated.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Downside could remain capped as the GBP bulls hold back from placing any aggressive bets amid ongoing\u00a0 Brexit-related uncertainties. Technically, EUR\/GBP has shown some resilience near 100-day EMA, which further warrants some caution before positioning for any further depreciating move.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/GBP struggled to capitalize on the intraday move to 0.9100 . Dovish ECB expectations &amp; soaring COVID-19 cases in Europe dragged on the Euro. Brexit uncertainties weighed on GBP potentially limiting losses for the pair. EUR\/GBP\u00a0 quickly retreated\u00a0 50 pips or so in the early European session, reaching daily lows at 0.9055. The pair again [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5048,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,2649,1394],"class_list":["post-106141","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-eur-gbp","tag-gbp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/GBP declines to daily lows of 0.9050 - 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\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\/\" \/>\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\\\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/GBP declines to daily lows of 0.9050\",\"datePublished\":\"2020-10-26T20:03:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\\\/\"},\"wordCount\":273,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100733-pound-steadies-after-fall.jpg\",\"keywords\":[\"eur\",\"eur\\\/gbp\",\"gbp\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\\\/\",\"name\":\"EUR\\\/GBP declines to daily lows of 0.9050 - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100733-pound-steadies-after-fall.jpg\",\"datePublished\":\"2020-10-26T20:03:13+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100733-pound-steadies-after-fall.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100733-pound-steadies-after-fall.jpg\",\"width\":725,\"height\":400,\"caption\":\"GBP\\\/EUR: Pound Steadies After Heavy Fall vs. Euro As May Vows To Stay\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EUR\\\/GBP declines to daily lows of 0.9050\"}]},{\"@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":"EUR\/GBP declines to daily lows of 0.9050 - 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\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"EUR\/GBP declines to daily lows of 0.9050","datePublished":"2020-10-26T20:03:13+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\/"},"wordCount":273,"image":{"@id":"https:\/\/currencylive.com\/news\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100733-pound-steadies-after-fall.jpg","keywords":["eur","eur\/gbp","gbp"],"articleSection":["EUR","GBP"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\/","url":"https:\/\/currencylive.com\/news\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\/","name":"EUR\/GBP declines to daily lows of 0.9050 - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100733-pound-steadies-after-fall.jpg","datePublished":"2020-10-26T20:03:13+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100733-pound-steadies-after-fall.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100733-pound-steadies-after-fall.jpg","width":725,"height":400,"caption":"GBP\/EUR: Pound Steadies After Heavy Fall vs. Euro As May Vows To Stay"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/104641-eur-gbp-declines-to-daily-lows-of-0-9050\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"EUR\/GBP declines to daily lows of 0.9050"}]},{"@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\/100733-pound-steadies-after-fall.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/106141","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=106141"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/106141\/revisions"}],"predecessor-version":[{"id":106142,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/106141\/revisions\/106142"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5048"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=106141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=106141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=106141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}