{"id":111741,"date":"2022-03-01T07:00:19","date_gmt":"2022-03-01T07:00:19","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=111741"},"modified":"2022-03-01T10:25:06","modified_gmt":"2022-03-01T10:25:06","slug":"106132-gbp-eur-7-euro-extends-decline-as-russian-attack-continues","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/106132-gbp-eur-7-euro-extends-decline-as-russian-attack-continues\/","title":{"rendered":"GBP\/EUR: Euro Extends Decline As Russian Attack Continues"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) rises versus the euro and the USD<\/strong><\/li>\n<li><strong>British government imposes sanctions<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) falls as fears over conflict rise<\/strong><\/li>\n<li><strong>German retail sales, inflation &amp; PMIs<\/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 advancing on Tuesday, building on gains from the previous session. The pair rose 0.53% on Monday, settling at \u20ac1.1957, towards the high of the day.\u00a0 At 05:45 UTC, GBP\/EUR trades +0.25% at \u20ac1.1983.<\/p>\n<p>The Pound rose against the euro as investors continued to watch developments as Russia continues its assault on Ukraine. The UK, along with the US and Europe stepped up the level of sanctions that it was hitting Russia with. The sanctions have been primarily aimed at the financial system.<\/p>\n<p>Today, news surrounding eastern European geopolitics will continue to drive the pound, in addition o the manufacturing PMI, which gauges activity in the sector. His is the final reading for February, and is expected to confirm the previous 57.3 level, whereby 50 separates expansion from contraction. This is the final reading, so it is not usually a market moving as the initial reading.<\/p>\n<p>The euro came under pressure in the previous session amid growing concerns over the escalating Russia, Ukraine invasion. The West cut Russia off from the SWIFT international payments system and also froze the Russian central bank reserves. The move sent the Russian rouble tanking 30% and Putin put his nuclear forces on standby.<\/p>\n<p>Fear of retaliation by Putin, in addition to concerns that Russia could slow its energy supply to Europe. Trade is also being affected as more sanctions are applied to Russia, which continues to defiantly attack Ukraine. Fears of stagflation \u2013 rising inflation and slowing growth are unnerving the investors.<\/p>\n<p>Looking ahead there is plenty of eurozone data for investors to digest. German retail sales are expected to recover after a dismal December when Omicron was spreading, German inflation could also tick back up to 5.1% after falling to 4.9% in December.<\/p>\n<p>PMI manufacturing data is expected to confirm the initial estimate of 58.4, down slightly from 58.7 in December.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) rises versus the euro and the USD British government imposes sanctions Euro (EUR) falls as fears over conflict rise German retail sales, inflation &amp; PMIs The Pound Euro (GBP\/EUR) exchange rate advancing on Tuesday, building on gains from the previous session. The pair rose 0.53% on Monday, settling at \u20ac1.1957, towards the high [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5591,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,3417,1394],"class_list":{"0":"post-111741","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-eurgbp","11":"tag-gbp"},"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: Euro Extends Decline As Russian Attack Continues - 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\/106132-gbp-eur-7-euro-extends-decline-as-russian-attack-continues\/\" \/>\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\\\/106132-gbp-eur-7-euro-extends-decline-as-russian-attack-continues\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106132-gbp-eur-7-euro-extends-decline-as-russian-attack-continues\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Euro Extends Decline As Russian Attack Continues\",\"datePublished\":\"2022-03-01T07:00:19+00:00\",\"dateModified\":\"2022-03-01T10:25:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106132-gbp-eur-7-euro-extends-decline-as-russian-attack-continues\\\/\"},\"wordCount\":338,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106132-gbp-eur-7-euro-extends-decline-as-russian-attack-continues\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100636-gbp-eur-pound-drops-brexit-plan.jpg\",\"keywords\":[\"eur\",\"eurgbp\",\"gbp\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106132-gbp-eur-7-euro-extends-decline-as-russian-attack-continues\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106132-gbp-eur-7-euro-extends-decline-as-russian-attack-continues\\\/\",\"name\":\"GBP\\\/EUR: Euro Extends Decline As Russian Attack Continues - 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