{"id":110782,"date":"2021-09-29T07:28:51","date_gmt":"2021-09-29T06:28:51","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=110782"},"modified":"2021-09-29T06:34:08","modified_gmt":"2021-09-29T05:34:08","slug":"105902-gbp-eur-pound-looks-to-116","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105902-gbp-eur-pound-looks-to-116\/","title":{"rendered":"GBP\/EUR: Looks To \u20ac1.16"},"content":{"rendered":"

The Pound Euro (GBP\/EUR<\/a>) exchange rate is steadying after plunging in the previous session to its lowest level since July.<\/p>\n

The Pound dived to a two-month low<\/a> versus the Euro as the outlook for the UK economy darkened. Supply chain bottlenecks, labour market shortages and no petrol at the pumps are combining to create a grim picture for the UK economy.<\/p>\n

There is no high impacting UK data. BoE Governor Andrew Bailey is due to speak later today.<\/p>\n

The Euro showed resilience in risk off trade on Tuesday, thanks in part to better than forecast German GFK consumer confidence numbers.<\/p>\n

Consumer morale rose for October to 0.3, up from -1.1 in September and well ahead of the -1.6-decline forecast.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Pound Euro (GBP\/EUR) exchange rate is steadying after plunging in the previous session to its lowest level since July. The Pound dived to a two-month low versus the Euro as the outlook for the UK economy darkened. Supply chain bottlenecks, labour market shortages and no petrol at the pumps are combining to create a […]<\/p>\n","protected":false},"author":163946598,"featured_media":5408,"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-110782","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: Looks To \u20ac1.16 - 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\/105902-gbp-eur-pound-looks-to-116\/\" \/>\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\\\/105902-gbp-eur-pound-looks-to-116\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105902-gbp-eur-pound-looks-to-116\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Looks To \u20ac1.16\",\"datePublished\":\"2021-09-29T06:28:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105902-gbp-eur-pound-looks-to-116\\\/\"},\"wordCount\":124,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105902-gbp-eur-pound-looks-to-116\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100928-gbp-eur-possible-brexit-extension.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\\\/105902-gbp-eur-pound-looks-to-116\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105902-gbp-eur-pound-looks-to-116\\\/\",\"name\":\"GBP\\\/EUR: Looks To \u20ac1.16 - 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