{"id":108540,"date":"2021-02-24T07:30:33","date_gmt":"2021-02-24T07:30:33","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=108540"},"modified":"2021-02-24T06:39:48","modified_gmt":"2021-02-24T06:39:48","slug":"105422-gbp-eur-pound-advances-through-e1-16","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105422-gbp-eur-pound-advances-through-e1-16\/","title":{"rendered":"GBP\/EUR: Pound Spikes To \u20ac1.17"},"content":{"rendered":"<p>The Pound Euro (<a href=\"https:\/\/currencylive.com\/\">GBP\/EUR<\/a>) exchange rate is moving higher for an eighth consecutive session, spiking to a 12 month high of \u20ac1.1708.<\/p>\n<p>The Pound surged across the previous session, <a href=\"https:\/\/currencylive.com\/news\/105422-gbp-eur-pound-hits-highest-level-since-march\/\">boosted by the prospect of the UK economy reopening<\/a> over the coming weeks and months. Under Boris Johnson\u2019s plan, the UK economy is expected to be fully opened by H2.<\/p>\n<p>Better than expected labour market data also offered support. Whilst unemployment ticked up to 5.1% an almost 5 year high, the claimant count unexpectedly dropped by 20,000 a potential sign of the labour market stabilizing.<\/p>\n<p>The Euro slipped lower mainly owing to a strong US Dollar. Eurozone fundamentals were unchanged and the common currency is awaiting fresh catalyst. German GDP Q4 second reading is unlikely to move the market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Pound Euro (GBP\/EUR) exchange rate is moving higher for an eighth consecutive session, spiking to a 12 month high of \u20ac1.1708. The Pound surged across the previous session, boosted by the prospect of the UK economy reopening over the coming weeks and months. Under Boris Johnson\u2019s plan, the UK economy is expected to be [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379],"tags":[1395,1394,2410],"class_list":{"0":"post-108540","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-gbp","7":"tag-eur","8":"tag-gbp","9":"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 Spikes To \u20ac1.17 - 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\/105422-gbp-eur-pound-advances-through-e1-16\/\" \/>\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\\\/105422-gbp-eur-pound-advances-through-e1-16\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105422-gbp-eur-pound-advances-through-e1-16\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Pound Spikes To \u20ac1.17\",\"datePublished\":\"2021-02-24T07:30:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105422-gbp-eur-pound-advances-through-e1-16\\\/\"},\"wordCount\":130,\"keywords\":[\"eur\",\"gbp\",\"gbp\\\/eur\"],\"articleSection\":[\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105422-gbp-eur-pound-advances-through-e1-16\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105422-gbp-eur-pound-advances-through-e1-16\\\/\",\"name\":\"GBP\\\/EUR: Pound Spikes To \u20ac1.17 - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"datePublished\":\"2021-02-24T07:30:33+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105422-gbp-eur-pound-advances-through-e1-16\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/105422-gbp-eur-pound-advances-through-e1-16\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105422-gbp-eur-pound-advances-through-e1-16\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/EUR: Pound Spikes To \u20ac1.17\"}]},{\"@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. 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