{"id":112864,"date":"2022-08-03T08:21:09","date_gmt":"2022-08-03T07:21:09","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=112864"},"modified":"2022-08-03T08:22:09","modified_gmt":"2022-08-03T07:22:09","slug":"107198-gbp-eur-the-pound-extend-consolidation-near-15-weeks-high","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107198-gbp-eur-the-pound-extend-consolidation-near-15-weeks-high\/","title":{"rendered":"GBP\/EUR: The Pound Extend Consolidation near 15-Weeks High"},"content":{"rendered":"<ul>\n<li>GBP to EUR pair extends consolidation into fourth straight day<\/li>\n<li>Euro eyes consumer price inflation and retail sales data<\/li>\n<li>Risk aversion weighs on markets<\/li>\n<li>UK\u2019s blue-chip index slipped on Tuesday<\/li>\n<\/ul>\n<p>The Pound Euro (GBP\/EUR) exchange rate extends consolidation into the fourth straight day reflecting quiet mode ahead of Friday\u2019s NFP data. The GBP to EUR pair rose 0.18% in the previous session settling on Tuesday at \u20ac1.1963, after trading in a range between \u20ac1.1904 \u2013 \u20ac1.1990.<\/p>\n<p>At 07:16UTC, GBP\/EUR trades +0.13% at \u20ac1.1978.<\/p>\n<p>Risk aversion keeps risk-sensitive currencies like the Euro depressed. The EUR headed further to the south and made a new intraday low against the Pound showing little intent to rebound.<\/p>\n<p>Elsewhere, UK&#8217;s FTSE 100 edged lower on Tuesday tracking the risk aversion mood on renewed US\u2013China geopolitical tensions. The UK\u2019s domestic index settled lower -0.18% at 7398 for the second consecutive day.<\/p>\n<p>On the data front, a series of PMIs by S&amp;P Global will give more clear direction to the FX exchange rate. In the Eurozone, the composite PMI is seen pointing to a contraction in manufacturing production for the second consecutive month.<\/p>\n<p>Meanwhile, the Producer Price Index (PPI) is expected to rise by 1% in June compared with a growth of 0.7% in May. Also due out is the retail sales for the month of June. Year-over-year, retail sales in the European Union are seen falling by -1.7% versus 0.2% previous reading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBP to EUR pair extends consolidation into fourth straight day Euro eyes consumer price inflation and retail sales data Risk aversion weighs on markets UK\u2019s blue-chip index slipped on Tuesday The Pound Euro (GBP\/EUR) exchange rate extends consolidation into the fourth straight day reflecting quiet mode ahead of Friday\u2019s NFP data. The GBP to EUR [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":5412,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1399,1395,1394,1555],"class_list":{"0":"post-112864","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-china","10":"tag-eur","11":"tag-gbp","12":"tag-risk-aversion"},"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: The Pound Extend Consolidation near 15-Weeks High - 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\/107198-gbp-eur-the-pound-extend-consolidation-near-15-weeks-high\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\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\\\/107198-gbp-eur-the-pound-extend-consolidation-near-15-weeks-high\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107198-gbp-eur-the-pound-extend-consolidation-near-15-weeks-high\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"GBP\\\/EUR: The Pound Extend Consolidation near 15-Weeks High\",\"datePublished\":\"2022-08-03T07:21:09+00:00\",\"dateModified\":\"2022-08-03T07:22:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107198-gbp-eur-the-pound-extend-consolidation-near-15-weeks-high\\\/\"},\"wordCount\":241,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107198-gbp-eur-the-pound-extend-consolidation-near-15-weeks-high\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100930-gbp-eur-brexit-extension.jpg\",\"keywords\":[\"china\",\"eur\",\"gbp\",\"risk aversion\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107198-gbp-eur-the-pound-extend-consolidation-near-15-weeks-high\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107198-gbp-eur-the-pound-extend-consolidation-near-15-weeks-high\\\/\",\"name\":\"GBP\\\/EUR: The Pound Extend Consolidation near 15-Weeks High - 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