{"id":112221,"date":"2022-04-13T07:00:37","date_gmt":"2022-04-13T06:00:37","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=112221"},"modified":"2022-04-13T05:54:32","modified_gmt":"2022-04-13T04:54:32","slug":"107040-gbp-eur-will-uk-inflation-data-lift-the-pound","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107040-gbp-eur-will-uk-inflation-data-lift-the-pound\/","title":{"rendered":"GBP\/EUR: Will UK Inflation Data Lift The Pound?"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) rises with inflation data in focus<\/strong><\/li>\n<li><strong>UK unemployment fell to 3.8%<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) slips after economic sentiment deteriorates<\/strong><\/li>\n<li><strong>ECB meeting is tomorrow<\/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 rising on Wednesday, adding to gains in the previous session. The pair settled 0.3% higher on Tuesday at \u20ac1.2001 after trading in a range between \u20ac1.1957 &#8211; \u20ac1.202. At 05:45 UTC, GBP\/EUR trades +0.03% at \u20ac1.2005<\/p>\n<p>The Pound rose yesterday following encouraging UK jobs data. The unemployment rate ticked lower to 3.8% in the three months to February, a pre-pandemic level, down from 3.9% in January. The claimant count, which is timelier, fell again by 46k in March after dropping 58k in February.<\/p>\n<p>Meanwhile, wages, including bonuses, rose 5.4%, up from 4.8% in January. However, the rise in wages failed to keep up with inflation, which jumped to 6.2% in February. This means that the squeeze on household incomes continues to pile pressure on the BoE to raise interest rates again, possibly as soon as in the May meeting.<\/p>\n<p>Looking ahead, UK inflation data is due to be released today. Analysts expect inflation to rise to 6.7% year on year in March, a new 30 year high. Hot inflation could fuel bets of a more hawkish BoE.<\/p>\n<p>The euro gained in the previous session after inflation data boosted expectations of a more hawkish European Central Bank. Consumer price inflation rose to a record 7.3% year on year in March, \u00a0up from 5.3% in February.<\/p>\n<p>Meanwhile, wholesale inflation jumped to 22.6% annually, up from 16.9% in February. High wholesale inflation suggests that consumer price inflation is likely to continue rising.<\/p>\n<p>Separately German ZEW economic sentiment data fell further in April to -41, down from -39.1 in March but better than the -49 that analysts forecast. Economic sentiment fell in the eurozone\u2019s largest economy as both the uncertainty surrounding the war and rising inflation took their toll.<\/p>\n<p>Today there is no high impacting euro zone data. Instead, investors will look ahead to the European Central Bank interest rate announcement on Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) rises with inflation data in focus UK unemployment fell to 3.8% Euro (EUR) slips after economic sentiment deteriorates ECB meeting is tomorrow The Pound Euro (GBP\/EUR) exchange rate is rising on Wednesday, adding to gains in the previous session. The pair settled 0.3% higher on Tuesday at \u20ac1.2001 after trading in a range [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":4964,"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-112221","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: Will UK Inflation Data Lift The Pound? - 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\/107040-gbp-eur-will-uk-inflation-data-lift-the-pound\/\" \/>\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\\\/107040-gbp-eur-will-uk-inflation-data-lift-the-pound\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107040-gbp-eur-will-uk-inflation-data-lift-the-pound\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Will UK Inflation Data Lift The Pound?\",\"datePublished\":\"2022-04-13T06:00:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107040-gbp-eur-will-uk-inflation-data-lift-the-pound\\\/\"},\"wordCount\":333,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107040-gbp-eur-will-uk-inflation-data-lift-the-pound\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100689-gbp-eur-eurozone-inflation.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\\\/107040-gbp-eur-will-uk-inflation-data-lift-the-pound\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107040-gbp-eur-will-uk-inflation-data-lift-the-pound\\\/\",\"name\":\"GBP\\\/EUR: Will UK Inflation Data Lift The Pound? 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