{"id":110203,"date":"2021-06-25T07:00:16","date_gmt":"2021-06-25T06:00:16","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=110203"},"modified":"2021-06-25T06:09:14","modified_gmt":"2021-06-25T05:09:14","slug":"105745-gbp-eur-euro-looks-to-german-consumer-confidence","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105745-gbp-eur-euro-looks-to-german-consumer-confidence\/","title":{"rendered":"GBP\/EUR: Euro Looks To German Consumer Confidence"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) disappointed by BoE meeting<\/strong><\/li>\n<li><strong>BoE remained in wait and see mode<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) supported by upbeat German IFO business sentiment data<\/strong><\/li>\n<li><strong>German consumer confidence up next<\/strong><\/li>\n<\/ul>\n<p>The Pound Euro (<a href=\"https:\/\/currencylive.com\/\">GBP\/EUR<\/a>) exchange rate is ticking a few pips lower. The pair settled -0.3% lower at \u20ac1.1666 after dropping as low at\u00a0 \u20ac1.1638 earlier in the session. \u00a0At 05:45 UTC, GBP\/EUR trades -0.04% at \u20ac1.1663. The pair is on track to gain 0.2% across the week.<\/p>\n<p>The Pound fell amid disappointment from the Bank of England. As expected, the central bank kept policy unchanged with interest rates at 0.1% and \u00a3875 billion in QE. The MPC voted to keep QE unchanged 8-1, the same as in the May meeting.<\/p>\n<p>Given the improving economic picture, recovering jobs market and above target inflation at 2.1%, the market had been expecting a more hawkish tilt from the UK central bank.<\/p>\n<p>The BoE was upbeat on the growth prospects, and saw inflation rising to 3% &#8211; however this would be transitory and ease back to 2%<\/p>\n<p>There is also likely to be a level of hesitancy over the rising number of covid cases owing to the delta variant and also the ending of the furlough scheme in the Autumn. The BoE may want to see how this plays out before tightening policy.<\/p>\n<p>There is no economic\u00a0 data due from the UK today. Investors will continue digesting the BoE meeting and the British government\u2019s changes to its travel plan.<\/p>\n<p>The Euro rose in the previous session thanks in part to a encouraging German IFO economic sentiment data. The closely watched data revealed that the business climate index rose to 101.8 in June against 100.6 forecast. German business confidence hit its highest level since\u00a0 the end of 2018 as covid restrictions were lifted and expectations surrounding future activity picked up.<\/p>\n<p>Today the focus will remain on Germany with the GFK German consumer confidence numbers. Consumer morale in the Eurozone\u2019s largest economy is expected to improve from -7 to -4. A strong reading could boost the Euro.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) disappointed by BoE meeting BoE remained in wait and see mode Euro (EUR) supported by upbeat German IFO business sentiment data German consumer confidence up next The Pound Euro (GBP\/EUR) exchange rate is ticking a few pips lower. The pair settled -0.3% lower at \u20ac1.1666 after dropping as low at\u00a0 \u20ac1.1638 earlier in [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":4692,"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":["post-110203","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-gbp","tag-gbp-eur"],"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: Euro Looks To German Consumer Confidence - 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\/105745-gbp-eur-euro-looks-to-german-consumer-confidence\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\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\\\/105745-gbp-eur-euro-looks-to-german-consumer-confidence\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105745-gbp-eur-euro-looks-to-german-consumer-confidence\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Euro Looks To German Consumer Confidence\",\"datePublished\":\"2021-06-25T06:00:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105745-gbp-eur-euro-looks-to-german-consumer-confidence\\\/\"},\"wordCount\":341,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105745-gbp-eur-euro-looks-to-german-consumer-confidence\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100541-gbp-eur-german-coalition.jpg\",\"keywords\":[\"eur\",\"gbp\",\"gbp\\\/eur\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105745-gbp-eur-euro-looks-to-german-consumer-confidence\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105745-gbp-eur-euro-looks-to-german-consumer-confidence\\\/\",\"name\":\"GBP\\\/EUR: Euro Looks To German Consumer Confidence - 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