{"id":106561,"date":"2020-11-12T21:09:38","date_gmt":"2020-11-12T21:09:38","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106561"},"modified":"2020-11-13T05:15:54","modified_gmt":"2020-11-13T05:15:54","slug":"104797-eur-gbp-extends-recovery-from-multi-month-low-towards-0-8950s","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104797-eur-gbp-extends-recovery-from-multi-month-low-towards-0-8950s\/","title":{"rendered":"EUR\/GBP extends recovery from multi-month low, towards 0.8950\u2019s"},"content":{"rendered":"<ul>\n<li><strong>Several factors helped EUR\/GBP pick up from multi-month lows.<\/strong><\/li>\n<li><strong>Brexit uncertainties, weaker UK\u00a0 data dragged on demand for the British pound.<\/strong><\/li>\n<li><strong>The Euro benefitted from easing USD demand .<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">A weaker\u00a0 British pound aided EUR\/GBP to a two-day high at 0.8940 in the European session on Thursday.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The pair added to Wednesday\u2019s rebound from 0.8860 a five-month low. The Pound came under pressure as investors awaited Brexit updates. Weaker-than-expected UK GDP data added to the selling bias..<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The UK economy expanded by 1.1% in September and 15.5% during the third quarter of 2020, missing forecasts.UK Industrial and Manufacturing Production figures for September were also downbeat.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the Euro picked up on the back of a mildly weaker USD, helping EUR\/GBP advance. Even so, the tick higher lacked any strong follow-through and aggressively bullish traders should be cautious amid expectations for additional easing by the ECB.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">ECB President Christine Lagarde on Wednesday said that the PEPP and TLTROs have effective tools and will therefore remain the main tools for adjusting the central bank&#8217;s monetary policy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Several factors helped EUR\/GBP pick up from multi-month lows. Brexit uncertainties, weaker UK\u00a0 data dragged on demand for the British pound. The Euro benefitted from easing USD demand . A weaker\u00a0 British pound aided EUR\/GBP to a two-day high at 0.8940 in the European session on Thursday. The pair added to Wednesday\u2019s rebound from 0.8860 [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5565,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[],"class_list":["post-106561","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-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 extends recovery from multi-month low, towards 0.8950\u2019s - 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\/104797-eur-gbp-extends-recovery-from-multi-month-low-towards-0-8950s\/\" \/>\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\\\/104797-eur-gbp-extends-recovery-from-multi-month-low-towards-0-8950s\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104797-eur-gbp-extends-recovery-from-multi-month-low-towards-0-8950s\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/GBP extends recovery from multi-month low, towards 0.8950\u2019s\",\"datePublished\":\"2020-11-12T21:09:38+00:00\",\"dateModified\":\"2020-11-13T05:15:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104797-eur-gbp-extends-recovery-from-multi-month-low-towards-0-8950s\\\/\"},\"wordCount\":183,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104797-eur-gbp-extends-recovery-from-multi-month-low-towards-0-8950s\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100622-gbp-eur-tory-leadership-heats-up.jpg\",\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104797-eur-gbp-extends-recovery-from-multi-month-low-towards-0-8950s\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104797-eur-gbp-extends-recovery-from-multi-month-low-towards-0-8950s\\\/\",\"name\":\"EUR\\\/GBP extends recovery from multi-month low, towards 0.8950\u2019s - 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