{"id":111502,"date":"2022-01-26T07:00:10","date_gmt":"2022-01-26T07:00:10","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=111502"},"modified":"2022-01-26T06:24:40","modified_gmt":"2022-01-26T06:24:40","slug":"106078-gbp-eur-pound-rises-uk-politics-in-focus","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/106078-gbp-eur-pound-rises-uk-politics-in-focus\/","title":{"rendered":"GBP\/EUR: Pound Rises, UK Politics In Focus"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) rises for a second day despite PM\u2019s troubles<\/strong><\/li>\n<li><strong>PSNB was less than forecast in December<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) fell despite encouraging IFO business sentiment data<\/strong><\/li>\n<li><strong>EUR could be driven by the USD on Fed Day<\/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 heading higher for a second straight day. The pair gained 0.3% in the previous session, settling at \u20ac1.1944 after having risen as much as \u20ac1.1967 earlier in the session. At 05:45 UTC, GBP\/EUR trades +0.07% at \u20ac1.1953.<\/p>\n<p>The pound pushed higher on Tuesday after data revealed that government borrowing fell by more than expected in December. Public sector net borrowing dropped to \u00a316.8 billion in December, less than the \u00a318 billion that analysts were expecting, thanks to higher than expected tax receipts. This was also down \u00a37.6 billion from December last year as the economy recovers from the pandemic hit. However, this was still the fourth highest December borrowing on record.<\/p>\n<p>Whilst borrowing was down, interest payments were up due to sky high inflation. UK inflation has surged to 3-decade highs on soaring energy prices.<\/p>\n<p>There is no high impacting UK data due for release today. Instead, investors will remain focused on developments at Downing Street, as Ethics Chief Sue Grey is expected to release her report on \u201cparty gate\u201d imminently. Should the report paint Boris Johnson in a bad light, the PM could find himself out of a job.<\/p>\n<p>Risk sentiment surrounding the Russia \u2013 Ukraine conflict could also drive the pound lower should tensions continue to rise.<\/p>\n<p>The Euro fell in the previous session, thanks in part to a stronger US Dollar ahead of the Fed announcement later today.<\/p>\n<p>The euro shrugged off encouraging German IFO data. German business sentiment has brightened at the start of 2022 despite he ongoing COVID crisis, rising inflation and supply chain bottlenecks. The IFO business climate rose to 95.7 in January, up from 94.8 in December. This was the first increase in six months.<\/p>\n<p>Looking ahead there is no high impacting Eurozone economic data. Movement in the US Dollar could drive the euro as the Fed announce their interest rate decision.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) rises for a second day despite PM\u2019s troubles PSNB was less than forecast in December Euro (EUR) fell despite encouraging IFO business sentiment data EUR could be driven by the USD on Fed Day The Pound Euro (GBP\/EUR) exchange rate is heading higher for a second straight day. The pair gained 0.3% in [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5028,"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-111502","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: Pound Rises, UK Politics In Focus - 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\/106078-gbp-eur-pound-rises-uk-politics-in-focus\/\" \/>\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\\\/106078-gbp-eur-pound-rises-uk-politics-in-focus\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106078-gbp-eur-pound-rises-uk-politics-in-focus\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pound Rises, UK Politics In Focus\",\"datePublished\":\"2022-01-26T07:00:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106078-gbp-eur-pound-rises-uk-politics-in-focus\\\/\"},\"wordCount\":352,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106078-gbp-eur-pound-rises-uk-politics-in-focus\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100723-gbp-eur-pound-hovers-at-high.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\\\/106078-gbp-eur-pound-rises-uk-politics-in-focus\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106078-gbp-eur-pound-rises-uk-politics-in-focus\\\/\",\"name\":\"GBP\\\/EUR: Pound Rises, UK Politics In Focus - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106078-gbp-eur-pound-rises-uk-politics-in-focus\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106078-gbp-eur-pound-rises-uk-politics-in-focus\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100723-gbp-eur-pound-hovers-at-high.jpg\",\"datePublished\":\"2022-01-26T07:00:10+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106078-gbp-eur-pound-rises-uk-politics-in-focus\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/106078-gbp-eur-pound-rises-uk-politics-in-focus\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106078-gbp-eur-pound-rises-uk-politics-in-focus\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100723-gbp-eur-pound-hovers-at-high.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100723-gbp-eur-pound-hovers-at-high.jpg\",\"width\":777,\"height\":428,\"caption\":\"GBP\\\/EUR: Pound Hovers Around 6 Month high\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106078-gbp-eur-pound-rises-uk-politics-in-focus\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/EUR: Pound Rises, UK Politics In Focus\"}]},{\"@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\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\",\"name\":\"Ileana Ionescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"caption\":\"Ileana Ionescu\"},\"description\":\"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/ileana-ionescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/EUR: Pound Rises, UK Politics In Focus - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/106078-gbp-eur-pound-rises-uk-politics-in-focus\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/106078-gbp-eur-pound-rises-uk-politics-in-focus\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/106078-gbp-eur-pound-rises-uk-politics-in-focus\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"GBP\/EUR: Pound Rises, UK Politics In Focus","datePublished":"2022-01-26T07:00:10+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/106078-gbp-eur-pound-rises-uk-politics-in-focus\/"},"wordCount":352,"image":{"@id":"https:\/\/currencylive.com\/news\/106078-gbp-eur-pound-rises-uk-politics-in-focus\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100723-gbp-eur-pound-hovers-at-high.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\/106078-gbp-eur-pound-rises-uk-politics-in-focus\/","url":"https:\/\/currencylive.com\/news\/106078-gbp-eur-pound-rises-uk-politics-in-focus\/","name":"GBP\/EUR: Pound Rises, UK Politics In Focus - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/106078-gbp-eur-pound-rises-uk-politics-in-focus\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/106078-gbp-eur-pound-rises-uk-politics-in-focus\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100723-gbp-eur-pound-hovers-at-high.jpg","datePublished":"2022-01-26T07:00:10+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/106078-gbp-eur-pound-rises-uk-politics-in-focus\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/106078-gbp-eur-pound-rises-uk-politics-in-focus\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/106078-gbp-eur-pound-rises-uk-politics-in-focus\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100723-gbp-eur-pound-hovers-at-high.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100723-gbp-eur-pound-hovers-at-high.jpg","width":777,"height":428,"caption":"GBP\/EUR: Pound Hovers Around 6 Month high"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/106078-gbp-eur-pound-rises-uk-politics-in-focus\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/EUR: Pound Rises, UK Politics In Focus"}]},{"@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\/3d5cb0a6a22d357fc0b9ad562f35e75b","name":"Ileana Ionescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","caption":"Ileana Ionescu"},"description":"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.","url":"https:\/\/currencylive.com\/news\/author\/ileana-ionescu\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100723-gbp-eur-pound-hovers-at-high.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/111502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946598"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=111502"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/111502\/revisions"}],"predecessor-version":[{"id":111503,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/111502\/revisions\/111503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5028"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=111502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=111502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=111502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}