{"id":106565,"date":"2020-11-13T07:00:21","date_gmt":"2020-11-13T07:00:21","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106565"},"modified":"2020-11-13T05:58:46","modified_gmt":"2020-11-13T05:58:46","slug":"104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\/","title":{"rendered":"GBP\/EUR: Pair Holds \u20ac1.11 Ahead of EZ GDP Data"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) steadies after falling as covid cases surge<\/strong><\/li>\n<li><strong>GDP misses forecasts &amp; Brexit uncertainties persist<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) ticks higher on US Dollar weakness<\/strong><\/li>\n<li><strong>Eurozone Q3 GDP expected to confirm +12.7%<\/strong><\/li>\n<\/ul>\n<p>The Pound Euro (<a href=\"https:\/\/currencylive.com\/\">GBP\/EUR<\/a>) exchange rate is consolidating losses after a steep sell off in the previous session. The pair settled sharply lower on Thursday, down -1.05% at \u20ac1.1110 after hitting a high of \u20ac1.1232 earlier in t he session. At 05:15 UTC, GBP\/EUR trades +0.07% at \u20ac1.1115. Thanks to strong gains at the beginning of the week the pair is on track to book gains of 0.3% across the week.<\/p>\n<p>The Pound tumbled sharply across the board as the bad news just kept stacking up. New daily covid cases in the UK hit 33,470 on Thursday as the government struggles to contain the second wave. The UK is back under lockdown and has been since the beginning of the month in an attempt to stem the spread of the virus. Businesses have once again closed their doors just as they were starting to rec over from the first lockdown.<\/p>\n<p>GDP data on Thursday showed that the UK economy recorded a record 15% expansion in the July \u2013 September period as the economy reopened. The data also revealed that on a monthly basis the economy grew 1.1% in September, significantly slower than the 2.1% recorded in August.<\/p>\n<p>Finally, Brexit uncertainties continue to drag on the Pound. The EU and the UK have been in talks in London across the week. Once again it appears little progress was made and the soft deadline of the end of this week has been pushed out until next week.<\/p>\n<p>The Euro strengthened in the previous session thanks to a weaker US Dollar as covid cases stateside soared.<\/p>\n<p>Attention is now turning towards Eurozone Q3 GDP data, which is expected to confirm the initial 12.7% quarter on quarter rebound. Whilst it is a record-breaking level of expansion it is also out of date, given that German and France are back under national lockdown meaning a double dip recession is very likely.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) steadies after falling as covid cases surge GDP misses forecasts &amp; Brexit uncertainties persist Euro (EUR) ticks higher on US Dollar weakness Eurozone Q3 GDP expected to confirm +12.7% The Pound Euro (GBP\/EUR) exchange rate is consolidating losses after a steep sell off in the previous session. The pair settled sharply lower on [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5591,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[],"class_list":["post-106565","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>GBP\/EUR: Pair Holds \u20ac1.11 Ahead of EZ GDP Data - 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\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\/\" \/>\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\\\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Pair Holds \u20ac1.11 Ahead of EZ GDP Data\",\"datePublished\":\"2020-11-13T07:00:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\\\/\"},\"wordCount\":345,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100636-gbp-eur-pound-drops-brexit-plan.jpg\",\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\\\/\",\"name\":\"GBP\\\/EUR: Pair Holds \u20ac1.11 Ahead of EZ GDP Data - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100636-gbp-eur-pound-drops-brexit-plan.jpg\",\"datePublished\":\"2020-11-13T07:00:21+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100636-gbp-eur-pound-drops-brexit-plan.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100636-gbp-eur-pound-drops-brexit-plan.jpg\",\"width\":1200,\"height\":675,\"caption\":\"gbp-british-pound-coins - GBP\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/EUR: Pair Holds \u20ac1.11 Ahead of EZ GDP Data\"}]},{\"@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 \u20ac1.11 Ahead of EZ GDP Data - 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\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"GBP\/EUR: Pair Holds \u20ac1.11 Ahead of EZ GDP Data","datePublished":"2020-11-13T07:00:21+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\/"},"wordCount":345,"image":{"@id":"https:\/\/currencylive.com\/news\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100636-gbp-eur-pound-drops-brexit-plan.jpg","articleSection":["EUR","GBP"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\/","url":"https:\/\/currencylive.com\/news\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\/","name":"GBP\/EUR: Pair Holds \u20ac1.11 Ahead of EZ GDP Data - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100636-gbp-eur-pound-drops-brexit-plan.jpg","datePublished":"2020-11-13T07:00:21+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100636-gbp-eur-pound-drops-brexit-plan.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100636-gbp-eur-pound-drops-brexit-plan.jpg","width":1200,"height":675,"caption":"gbp-british-pound-coins - GBP"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/104798-gbp-eur-pair-holds-e1-11-ahead-of-ez-gdp-data\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/EUR: Pair Holds \u20ac1.11 Ahead of EZ GDP Data"}]},{"@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\/100636-gbp-eur-pound-drops-brexit-plan.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/106565","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=106565"}],"version-history":[{"count":2,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/106565\/revisions"}],"predecessor-version":[{"id":106567,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/106565\/revisions\/106567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5591"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=106565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=106565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=106565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}