{"id":107304,"date":"2020-12-18T09:06:42","date_gmt":"2020-12-18T09:06:42","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=107304"},"modified":"2020-12-18T09:07:24","modified_gmt":"2020-12-18T09:07:24","slug":"105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\/","title":{"rendered":"GBP\/INR Retreats After Hitting 100.00 For First Time in 5+ Years"},"content":{"rendered":"

GBP\/INR<\/a> is retreating on Friday, but it\u2019s still set to end the week higher. At the time of writing, one British pound<\/a> buys 99.532 Indian rupees<\/a>, down 0.33%, as of 8:30 AM UTC. Yesterday, the pair broke above 100.00 for the first time in over 5 years, as the pound had been pushed by fresh Brexit optimism amid extended talks.<\/p>\n

However, the sterling gave up some of those gains as UK Prime Minister Boris Johnson said that a no-deal Brexit is more likely unless the European Union doesn\u2019t ease its ambitions on fisheries. Up until late Thursday, both the EU and the UK admitted some progress made in trade talks after Johnson met with European Commission President Ursula von der Leyen earlier this week. However, the situation changed after the two discussed again yesterday. David Frost, UK\u2019s chief Brexit negotiator, warned that the progress had been \u201cblocked and time is running out.\u201d<\/p>\n

Von der Leyen admitted the \u201cbig differences,\u201d especially on fishing.<\/p>\n

However, European officials are still confident that a deal might be reached next week. The talks are progressing behind the scenes, some leaders said. They explained that the negative rhetoric is used as a negotiation tactic.<\/p>\n

Europe\u2019s chief negotiator Michel Barnier said earlier today that the two sides have just hours left to ink a deal. He told<\/a> the parliament:<\/p>\n

\u201cIt’s the moment of truth. There is a chance of getting an agreement but the path to such an agreement is very narrow.\u201d<\/em><\/p>\n

UK Retail Sales Slump in November<\/h2>\n

Meanwhile, the pound is also under pressure amid downbeat economic data at home. The Office for National Statistics (ONS) reported that retail sales tumbled in November, citing the four-week lockdown imposed in England. Retail sales fell 3.8% last month, the biggest drop since April, after a 1.3% increase in the previous month. Annual sales growth slowed to 2.4% from 5.8%.<\/p>\n

Earlier this week, inflation data showed the largest annual decline in clothing and footwear prices in about 10 years, mainly driven by massive Black Friday discounts.<\/p>\n

The only bright spot came from market research firm GfK, whose measure of British consumer confidence showed the biggest increase in eight years in December. The indicator rose from -33 in November to -26 in the current month, topping analysts\u2019 forecasts for a modest improvement to -31. Consumers are more optimistic amid the COVID vaccine roll-out, as the UK became the first Western country to approve one.<\/p>\n","protected":false},"excerpt":{"rendered":"

GBP\/INR is retreating on Friday, but it\u2019s still set to end the week higher. At the time of writing, one British pound buys 99.532 Indian rupees, down 0.33%, as of 8:30 AM UTC. Yesterday, the pair broke above 100.00 for the first time in over 5 years, as the pound had been pushed by fresh […]<\/p>\n","protected":false},"author":163946609,"featured_media":83913,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1693],"tags":[1475,1394,1861,1666,1840],"class_list":{"0":"post-107304","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-inr","9":"tag-brexit-talks","10":"tag-gbp","11":"tag-gbp-inr","12":"tag-inr","13":"tag-uk-retail-sales"},"acf":[],"yoast_head":"\nGBP\/INR Retreats After Hitting 100.00 For First Time in 5+ Years - 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\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anatol Antonovici\" \/>\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\\\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\\\/\"},\"author\":{\"name\":\"Anatol Antonovici\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c9c031720b5822c1d9bb63b59c6535ce\"},\"headline\":\"GBP\\\/INR Retreats After Hitting 100.00 For First Time in 5+ Years\",\"datePublished\":\"2020-12-18T09:06:42+00:00\",\"dateModified\":\"2020-12-18T09:07:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\\\/\"},\"wordCount\":409,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/exchange-rates-gbp-inr.jpg\",\"keywords\":[\"Brexit talks\",\"gbp\",\"gbp\\\/inr\",\"inr\",\"uk retail sales\"],\"articleSection\":[\"GBP\",\"INR\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\\\/\",\"name\":\"GBP\\\/INR Retreats After Hitting 100.00 For First Time in 5+ Years - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/exchange-rates-gbp-inr.jpg\",\"datePublished\":\"2020-12-18T09:06:42+00:00\",\"dateModified\":\"2020-12-18T09:07:24+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c9c031720b5822c1d9bb63b59c6535ce\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/exchange-rates-gbp-inr.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/exchange-rates-gbp-inr.jpg\",\"width\":1200,\"height\":675,\"caption\":\"inr-currency-symbols-wooden-cubes\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/INR Retreats After Hitting 100.00 For First Time in 5+ Years\"}]},{\"@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\\\/c9c031720b5822c1d9bb63b59c6535ce\",\"name\":\"Anatol Antonovici\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/38b3e7f20d7a1bb12ef894996e88cd6cc079c02b14543bca8d80e65fffb21bc3?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/38b3e7f20d7a1bb12ef894996e88cd6cc079c02b14543bca8d80e65fffb21bc3?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/38b3e7f20d7a1bb12ef894996e88cd6cc079c02b14543bca8d80e65fffb21bc3?s=96&d=blank&r=g\",\"caption\":\"Anatol Antonovici\"},\"description\":\"Anatol Antonovici is a foreign exchange and cryptocurrency writer with over seven years of trading and journalism experience. He has covered Forex currencies from a fundamental perspective, especially GBP and USD-related pairs. Besides his Forex-related activities, Anatol is a cryptocurrency journalist who has worked for several crypto news sites, including Bitcoinist, Cointelegraph and Cryptovest\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/anatol-antonovicitw-external-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/INR Retreats After Hitting 100.00 For First Time in 5+ Years - 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\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\/","twitter_misc":{"Written by":"Anatol Antonovici","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\/"},"author":{"name":"Anatol Antonovici","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/c9c031720b5822c1d9bb63b59c6535ce"},"headline":"GBP\/INR Retreats After Hitting 100.00 For First Time in 5+ Years","datePublished":"2020-12-18T09:06:42+00:00","dateModified":"2020-12-18T09:07:24+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\/"},"wordCount":409,"image":{"@id":"https:\/\/currencylive.com\/news\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/exchange-rates-gbp-inr.jpg","keywords":["Brexit talks","gbp","gbp\/inr","inr","uk retail sales"],"articleSection":["GBP","INR"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\/","url":"https:\/\/currencylive.com\/news\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\/","name":"GBP\/INR Retreats After Hitting 100.00 For First Time in 5+ Years - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/exchange-rates-gbp-inr.jpg","datePublished":"2020-12-18T09:06:42+00:00","dateModified":"2020-12-18T09:07:24+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/c9c031720b5822c1d9bb63b59c6535ce"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/exchange-rates-gbp-inr.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/exchange-rates-gbp-inr.jpg","width":1200,"height":675,"caption":"inr-currency-symbols-wooden-cubes"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/105071-gbp-inr-retreats-after-hitting-100-00-for-first-time-in-5-years\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/INR Retreats After Hitting 100.00 For First Time in 5+ Years"}]},{"@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\/c9c031720b5822c1d9bb63b59c6535ce","name":"Anatol Antonovici","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/38b3e7f20d7a1bb12ef894996e88cd6cc079c02b14543bca8d80e65fffb21bc3?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/38b3e7f20d7a1bb12ef894996e88cd6cc079c02b14543bca8d80e65fffb21bc3?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/38b3e7f20d7a1bb12ef894996e88cd6cc079c02b14543bca8d80e65fffb21bc3?s=96&d=blank&r=g","caption":"Anatol Antonovici"},"description":"Anatol Antonovici is a foreign exchange and cryptocurrency writer with over seven years of trading and journalism experience. He has covered Forex currencies from a fundamental perspective, especially GBP and USD-related pairs. Besides his Forex-related activities, Anatol is a cryptocurrency journalist who has worked for several crypto news sites, including Bitcoinist, Cointelegraph and Cryptovest","url":"https:\/\/currencylive.com\/news\/author\/anatol-antonovicitw-external-com\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/exchange-rates-gbp-inr.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/107304","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\/163946609"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=107304"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/107304\/revisions"}],"predecessor-version":[{"id":107308,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/107304\/revisions\/107308"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/83913"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=107304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=107304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=107304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}