{"id":111401,"date":"2022-01-13T07:00:18","date_gmt":"2022-01-13T07:00:18","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=111401"},"modified":"2022-01-13T06:17:09","modified_gmt":"2022-01-13T06:17:09","slug":"106057-gbp-eur-pound-shows-resilience-despite-calls-for-boris-johnson-to-resign","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/106057-gbp-eur-pound-shows-resilience-despite-calls-for-boris-johnson-to-resign\/","title":{"rendered":"GBP\/EUR: Pound Shows Resilience Despite Calls For Boris Johnson To Resign"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) eases back from \u20ac1.20<\/strong><\/li>\n<li><strong>Calls grow for Boris Johnson to resign<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) rises on a weak USD<\/strong><\/li>\n<li><strong>Eurozone economic calendar light<\/strong><\/li>\n<\/ul>\n<p>The Pound Euro (<a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-eur-exchange-rate-today\/\">GBP\/EUR<\/a>) exchange rate is edging higher after mild losses in the previous session. The pair settled -0.1% lower on Wednesday at \u20ac1.1980. At 05:45 UTC, GBP\/EUR trades +0.04% at \u20ac1.1984.<\/p>\n<p>The Pound came under pressure in the previous session as Prime Minister Boris Johnson came under growing pressure to resign. The Prime Minister apologized for attending a gathering at his official residence during the first lockdown in May 2020.<\/p>\n<p>Leaders of the opposition have called for his resignation. Meanwhile senior ministers have rallied around the PM for now.<\/p>\n<p>A leadership challenge could come if 54 of the 360 Conservatives write a letter of no confidence to the Chairman of the 1922 Committee.<\/p>\n<p>The pound has remained resilient so far, helped in part by optimism surrounding the Omicron outbreak as cases continue to fall. However, political uncertainty can weigh on a currency. With no high impacting economic data to distract investors, attention will remain on the political situation in London.<\/p>\n<p>The Euro rose on Tuesday thanks to a weaker US Dollar and despite a mixed bag of data from the bloc.<\/p>\n<p>German wholesale prices unexpectedly fell in December to 16.1%, defying analysts\u2019 expectations of a move higher to 17.6%. Wholesale price inflation was at 16.6% in November.<\/p>\n<p>Whilst this doesn\u2019t mark a big decline in wholesale inflation is does suggest that inflation could be finding a ceiling.<\/p>\n<p>Separately Eurozone industrial production came in ahead of forecasts rising 2.3% month on month in November after falling -1.3% in October compared to the previous month, a considerable downward revision. Consensus estimates had pointed to a 0.5% increase.<\/p>\n<p>Looking ahead the Eurozone economic calendar is relatively quiet. As a result, the Euro could move at the hands of the US Dollar.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) eases back from \u20ac1.20 Calls grow for Boris Johnson to resign Euro (EUR) rises on a weak USD Eurozone economic calendar light The Pound Euro (GBP\/EUR) exchange rate is edging higher after mild losses in the previous session. The pair settled -0.1% lower on Wednesday at \u20ac1.1980. At 05:45 UTC, GBP\/EUR trades +0.04% [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":4868,"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":{"0":"post-111401","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-gbp","11":"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 Shows Resilience Despite Calls For Boris Johnson To Resign - 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\/106057-gbp-eur-pound-shows-resilience-despite-calls-for-boris-johnson-to-resign\/\" \/>\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\\\/106057-gbp-eur-pound-shows-resilience-despite-calls-for-boris-johnson-to-resign\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106057-gbp-eur-pound-shows-resilience-despite-calls-for-boris-johnson-to-resign\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pound Shows Resilience Despite Calls For Boris Johnson To Resign\",\"datePublished\":\"2022-01-13T07:00:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106057-gbp-eur-pound-shows-resilience-despite-calls-for-boris-johnson-to-resign\\\/\"},\"wordCount\":316,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106057-gbp-eur-pound-shows-resilience-despite-calls-for-boris-johnson-to-resign\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100638-gbp-usd-uk-earnings-data-rises.jpg\",\"keywords\":[\"eur\",\"gbp\",\"gbp\\\/eur\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106057-gbp-eur-pound-shows-resilience-despite-calls-for-boris-johnson-to-resign\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106057-gbp-eur-pound-shows-resilience-despite-calls-for-boris-johnson-to-resign\\\/\",\"name\":\"GBP\\\/EUR: Pound Shows Resilience Despite Calls For Boris Johnson To Resign - 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