{"id":111680,"date":"2022-02-21T07:00:43","date_gmt":"2022-02-21T07:00:43","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=111680"},"modified":"2022-02-21T06:37:05","modified_gmt":"2022-02-21T06:37:05","slug":"106119-gbp-eur-pair-looks-to-russia-headline-pmis","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/106119-gbp-eur-pair-looks-to-russia-headline-pmis\/","title":{"rendered":"GBP\/EUR: Pair Looks To Russia Headline, PMIs"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) falls back from data inspired highs<\/strong><\/li>\n<li><strong>UK service sector expected to grow in February<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) rises as Russia war fears ease<\/strong><\/li>\n<li><strong>Eurozone composite PMI due<\/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 lower at the start of the week. The pair gained 0.47% across the previous week, settling at \u20ac1.2000, around the high of the week. \u00a0At 05:45 UTC, GBP\/EUR trades -0.15% at \u20ac1.1983.<\/p>\n<p>The Pound pushed higher last week for the second consecutive week after a run of upbeat UK data. The jobs market is still recovering well, vacancies are at a record high, inflation ticked higher to 5.5% 3-decade high and retail sales smashed analyst\u2019s forecasts.<\/p>\n<p>Retail sales rose 1.9% month on month in January, as Omicron fears eased, and consumers shrugged off rising inflation.<\/p>\n<p>The data released last week could encourage the Monetary policy committee at the Bank of England consider raising interest rates again very soon, possibly next month.<\/p>\n<p>UK business activity figures, as measured by the purchasing managers index will be release today. The UK manufacturing sector\u00a0 is expected to see activity remain strong\u00a0 in February at 57.2, just down 0.1 from January\u2019s 57.3.<\/p>\n<p>Meanwhile, activity in the service sector is expected to rise in February to 55.5, up from 54.1 in January. The recovery is expected as the work from home covid restriction was eased as Omicron cases fell.<\/p>\n<p>The Euro came under pressure as fears grew that Russia would invade Ukraine. Mixed headlines saw investors jump from risk on to risk off across the week. However, by the end of the week it was apparent that Russia had built more troops at the Ukraine border, despite saying that it was pulling troops back.<\/p>\n<p>Over the weekend, Putin and US President Biden agreed to meet, easing fears of war and boosting the euro.<\/p>\n<p>In addition to geopolitical fears investors will be watching the latest PMI data from the bloc. Expectations are for business activity to increase in February, with the composite PMI rising to 52.7, from 52.3.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) falls back from data inspired highs UK service sector expected to grow in February Euro (EUR) rises as Russia war fears ease Eurozone composite PMI due The Pound Euro (GBP\/EUR) exchange rate is edging lower at the start of the week. The pair gained 0.47% across the previous week, settling at \u20ac1.2000, around [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":4455,"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-111680","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: Pair Looks To Russia Headline, PMIs - 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\/106119-gbp-eur-pair-looks-to-russia-headline-pmis\/\" \/>\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\\\/106119-gbp-eur-pair-looks-to-russia-headline-pmis\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106119-gbp-eur-pair-looks-to-russia-headline-pmis\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pair Looks To Russia Headline, PMIs\",\"datePublished\":\"2022-02-21T07:00:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106119-gbp-eur-pair-looks-to-russia-headline-pmis\\\/\"},\"wordCount\":337,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106119-gbp-eur-pair-looks-to-russia-headline-pmis\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100415-gbp-eur-euro-uk-eu-pmi-data.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\\\/106119-gbp-eur-pair-looks-to-russia-headline-pmis\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106119-gbp-eur-pair-looks-to-russia-headline-pmis\\\/\",\"name\":\"GBP\\\/EUR: Pair Looks To Russia Headline, PMIs - 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