{"id":107357,"date":"2020-12-22T07:00:49","date_gmt":"2020-12-22T07:00:49","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=107357"},"modified":"2020-12-22T13:54:19","modified_gmt":"2020-12-22T13:54:19","slug":"105087-gbp-eur-pound-drops-on-covid-bexit","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105087-gbp-eur-pound-drops-on-covid-bexit\/","title":{"rendered":"GBP\/EUR: Pound Drops On Covid, Bexit"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) continues to monitor Covid, Brexit<\/strong><\/li>\n<li><strong>UK PM says there are still problems in Brexit trade talks<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) rose as EU consumer confidence improved by more than forecast<\/strong><\/li>\n<li><strong>German GFK consumer confidence data in focus<\/strong><\/li>\n<\/ul>\n<p>The Pound Euro (<a href=\"https:\/\/currencylive.com\/\">GBP\/EUR<\/a>) exchange rate is declining on Tuesday paring gains from the previous session . The pair experienced high levels of volatility in the previous session, trading a range of 170 pips before settling towards the upper end of the daily traded range +0.2% at \u20ac1.0995. At 05:15 UTC, GBP\/EUR trades -0.3% at \u20ac1.0956.<\/p>\n<p>Covid and Brexit are the major drivers of the Pound and both bringing more pessimism than optimism to investors.<\/p>\n<p>The new, more infectious strain of covid that is spreading alarmingly quickly across the UK has\u00a0 prompted countries across the globe to shut their borders to the UK causing travel chaos and raising the chances of food shortages just days before the UK is due to leave the EU.<\/p>\n<p>Brexit trade talks continue and doubts are still plentiful as to whether the two sides will agree a trade deal before the 31<sup>st<\/sup> December. Prime Minister Boris Johnson said that there were still problems in Brexit trade talks and that the UK would thrive without a deal.<\/p>\n<p>Unless the two sides can agree a trade deal within the next 10 days the UK will leave the EU on unfavourable World Trade Organisation terms.<\/p>\n<p>Data wise UK GDP Q3 final estimate will be released. Given that this is the final estimate no huge surprises are expected. Analysts forecast +15.5% growth quarter on quarter a strong rebound after the -19.8% quarter on quarter decline in Q2.<\/p>\n<p>The Euro traded higher versus the Pound on Monday. However, it was mixed versus other majors. Consumer confidence in the Euro area rose a modest 3.7 points in December to -13.9, up from -17.6 in November. Analysts had forecast a reading of -16.8.<\/p>\n<p>Sentiment data will remain in focus with German GFK consumer confidence due to be released. Expectations are for sentiment to deteriorate heading towards January as longer tighter lockdown restrictions overshadow any vaccine optimism.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) continues to monitor Covid, Brexit UK PM says there are still problems in Brexit trade talks Euro (EUR) rose as EU consumer confidence improved by more than forecast German GFK consumer confidence data in focus The Pound Euro (GBP\/EUR) exchange rate is declining on Tuesday paring gains from the previous session . The [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5174,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1394,2410],"class_list":{"0":"post-107357","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-gbp","11":"tag-gbp-eur"},"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: Pound Drops On Covid, Bexit - 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\/105087-gbp-eur-pound-drops-on-covid-bexit\/\" \/>\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\\\/105087-gbp-eur-pound-drops-on-covid-bexit\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105087-gbp-eur-pound-drops-on-covid-bexit\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Pound Drops On Covid, Bexit\",\"datePublished\":\"2020-12-22T07:00:49+00:00\",\"dateModified\":\"2020-12-22T13:54:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105087-gbp-eur-pound-drops-on-covid-bexit\\\/\"},\"wordCount\":351,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105087-gbp-eur-pound-drops-on-covid-bexit\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100802-gbp-eur-pound-shakey-vs-euro.jpg\",\"keywords\":[\"eur\",\"gbp\",\"gbp\\\/eur\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105087-gbp-eur-pound-drops-on-covid-bexit\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105087-gbp-eur-pound-drops-on-covid-bexit\\\/\",\"name\":\"GBP\\\/EUR: Pound Drops On Covid, Bexit - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105087-gbp-eur-pound-drops-on-covid-bexit\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105087-gbp-eur-pound-drops-on-covid-bexit\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100802-gbp-eur-pound-shakey-vs-euro.jpg\",\"datePublished\":\"2020-12-22T07:00:49+00:00\",\"dateModified\":\"2020-12-22T13:54:19+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105087-gbp-eur-pound-drops-on-covid-bexit\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/105087-gbp-eur-pound-drops-on-covid-bexit\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105087-gbp-eur-pound-drops-on-covid-bexit\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100802-gbp-eur-pound-shakey-vs-euro.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100802-gbp-eur-pound-shakey-vs-euro.jpg\",\"width\":1188,\"height\":669,\"caption\":\"GBP\\\/EUR: Pound Shakey vs. Euro Ahead of Brexit Bill Debate\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105087-gbp-eur-pound-drops-on-covid-bexit\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/EUR: Pound Drops On Covid, Bexit\"}]},{\"@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: Pound Drops On Covid, Bexit - 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\/105087-gbp-eur-pound-drops-on-covid-bexit\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/105087-gbp-eur-pound-drops-on-covid-bexit\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/105087-gbp-eur-pound-drops-on-covid-bexit\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"GBP\/EUR: Pound Drops On Covid, Bexit","datePublished":"2020-12-22T07:00:49+00:00","dateModified":"2020-12-22T13:54:19+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/105087-gbp-eur-pound-drops-on-covid-bexit\/"},"wordCount":351,"image":{"@id":"https:\/\/currencylive.com\/news\/105087-gbp-eur-pound-drops-on-covid-bexit\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100802-gbp-eur-pound-shakey-vs-euro.jpg","keywords":["eur","gbp","gbp\/eur"],"articleSection":["EUR","GBP"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/105087-gbp-eur-pound-drops-on-covid-bexit\/","url":"https:\/\/currencylive.com\/news\/105087-gbp-eur-pound-drops-on-covid-bexit\/","name":"GBP\/EUR: Pound Drops On Covid, Bexit - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/105087-gbp-eur-pound-drops-on-covid-bexit\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/105087-gbp-eur-pound-drops-on-covid-bexit\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100802-gbp-eur-pound-shakey-vs-euro.jpg","datePublished":"2020-12-22T07:00:49+00:00","dateModified":"2020-12-22T13:54:19+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/105087-gbp-eur-pound-drops-on-covid-bexit\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/105087-gbp-eur-pound-drops-on-covid-bexit\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/105087-gbp-eur-pound-drops-on-covid-bexit\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100802-gbp-eur-pound-shakey-vs-euro.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100802-gbp-eur-pound-shakey-vs-euro.jpg","width":1188,"height":669,"caption":"GBP\/EUR: Pound Shakey vs. Euro Ahead of Brexit Bill Debate"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/105087-gbp-eur-pound-drops-on-covid-bexit\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/EUR: Pound Drops On Covid, Bexit"}]},{"@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\/100802-gbp-eur-pound-shakey-vs-euro.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/107357","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=107357"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/107357\/revisions"}],"predecessor-version":[{"id":107358,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/107357\/revisions\/107358"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5174"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=107357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=107357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=107357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}