{"id":108259,"date":"2021-02-04T21:51:31","date_gmt":"2021-02-04T21:51:31","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=108259"},"modified":"2021-02-04T21:51:31","modified_gmt":"2021-02-04T21:51:31","slug":"105354-eur-gbp-steady-over-0-8750-post-boe","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105354-eur-gbp-steady-over-0-8750-post-boe\/","title":{"rendered":"EUR\/GBP steady over 0.8750 post-BoE"},"content":{"rendered":"<ul>\n<li><strong>EUR\/GBP declined to 0.8750 following less dovish than expected BoE meeting<\/strong><\/li>\n<li><strong>GBP outperformers whilst the euro languishes.<\/strong><\/li>\n<li><strong>EUR\/GBP dropped to a fresh multi month low of 0.8750 After a less dovish than expected BoE.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">BoE in focus<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A more hawkish tone from the BoE and a more optimistic forecast for the UK economy lifted GBP to outperform major peers despite US Dollar strength. Soft UK construction PMI numbers for January have been shrugged off and a strong vaccine drive also supports GBP.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, EUR is a G10 underperformer with technical selling in EUR\/USD adding to the Euro\u2019s woes. Better than anticipated Eurozone retail sales data for December plus indications that Mario Draghi, former ECB president will be able to win a confidence vote has been unable to change the fortunes of the common currency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bank of England Meeting Recap<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The\u00a0 BoE Monetary Policy Committee (MPC) left interest rates unchanged at 0.1% and the bank\u2019s QE programme at \u00a3895Bnin a unanimous vote.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Negative interest rates were very much in focus.\u00a0 NIRP will be included in the monetary policy toolbox. However, this doesn\u2019t mean that they will be used.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The bank\u2019s new forecasts were also fairly upbeat. H1 2021 forecast was downgraded to account for the stricter than anticipated lockdown in January. However, the growth forecast for H2 2021 was upgraded. The central bank sees UK growth returning to pre-pandemic levels by the end of the year, rather than the previously forecast Q1 2022.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/GBP declined to 0.8750 following less dovish than expected BoE meeting GBP outperformers whilst the euro languishes. EUR\/GBP dropped to a fresh multi month low of 0.8750 After a less dovish than expected BoE. BoE in focus A more hawkish tone from the BoE and a more optimistic forecast for the UK economy lifted GBP [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":4509,"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":{"0":"post-108259","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-eur-gbp","11":"tag-gbp"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/GBP steady over 0.8750 post-BoE - 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\/105354-eur-gbp-steady-over-0-8750-post-boe\/\" \/>\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\\\/105354-eur-gbp-steady-over-0-8750-post-boe\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105354-eur-gbp-steady-over-0-8750-post-boe\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/GBP steady over 0.8750 post-BoE\",\"datePublished\":\"2021-02-04T21:51:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105354-eur-gbp-steady-over-0-8750-post-boe\\\/\"},\"wordCount\":248,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105354-eur-gbp-steady-over-0-8750-post-boe\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100442-gbp-usd-boe-guv-mark-carney.jpg\",\"keywords\":[\"eur\",\"eur\\\/gbp\",\"gbp\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105354-eur-gbp-steady-over-0-8750-post-boe\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105354-eur-gbp-steady-over-0-8750-post-boe\\\/\",\"name\":\"EUR\\\/GBP steady over 0.8750 post-BoE - 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