{"id":110287,"date":"2021-07-08T07:30:04","date_gmt":"2021-07-08T06:30:04","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=110287"},"modified":"2021-07-08T06:33:42","modified_gmt":"2021-07-08T05:33:42","slug":"105775-gbp-eur-6-pair-fails-to-hold-117","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105775-gbp-eur-6-pair-fails-to-hold-117\/","title":{"rendered":"GBP\/EUR: Pair Fails To Hold \u20ac1.17"},"content":{"rendered":"

The Pound Euro (GBP\/EUR<\/a>) exchange rate is heading southwards, paring some of Wednesday’s gains.<\/p>\n

The Euro came under pressure on Wednesday after German industrial output unexpectedly declined in May. Industrial output dropped -0.3% MoM, well short of the 0.5% rise forecast.<\/p>\n

The data adds to evidence that supply chain bottlenecks are starting to slow the economic recovery.<\/p>\n

German trade data is in focus today, in addition to a speech from Christine Lagarde on the ECB special strategy meeting.<\/a><\/p>\n

The Pound is trading lower amid growing concerns over the easing of covid restrictions on 19th<\/sup> July, as covid cases surge.<\/p>\n

The UK economic docket remains light again today, although Friday\u2019s sees things picking up with the release of UK GDP data for the second quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Pound Euro (GBP\/EUR) exchange rate is heading southwards, paring some of Wednesday’s gains. The Euro came under pressure on Wednesday after German industrial output unexpectedly declined in May. Industrial output dropped -0.3% MoM, well short of the 0.5% rise forecast. The data adds to evidence that supply chain bottlenecks are starting to slow the […]<\/p>\n","protected":false},"author":163946598,"featured_media":5328,"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-110287","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\nGBP\/EUR: Pair Fails To Hold \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\/105775-gbp-eur-6-pair-fails-to-hold-117\/\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105775-gbp-eur-6-pair-fails-to-hold-117\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105775-gbp-eur-6-pair-fails-to-hold-117\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pair Fails To Hold \u20ac1.17\",\"datePublished\":\"2021-07-08T06:30:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105775-gbp-eur-6-pair-fails-to-hold-117\\\/\"},\"wordCount\":131,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105775-gbp-eur-6-pair-fails-to-hold-117\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100882-gbp-eur-pound-falls-brexit-news.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\\\/105775-gbp-eur-6-pair-fails-to-hold-117\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105775-gbp-eur-6-pair-fails-to-hold-117\\\/\",\"name\":\"GBP\\\/EUR: Pair Fails To Hold \u20ac1.17 - 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