{"id":112900,"date":"2022-08-11T07:14:47","date_gmt":"2022-08-11T06:14:47","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=112900"},"modified":"2022-08-11T07:18:44","modified_gmt":"2022-08-11T06:18:44","slug":"107210-gbp-eur-pound-relief-rally-following-soft-us-inflation","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107210-gbp-eur-pound-relief-rally-following-soft-us-inflation\/","title":{"rendered":"GBP\/EUR: Pound Relief Rally Following Soft US Inflation"},"content":{"rendered":"<ul>\n<li>Pound pauses a five-day of selling pressure against the EUR<\/li>\n<li>German inflation fell slightly in July to 7.5%<\/li>\n<li>Markets cheer prospects of peak inflation<\/li>\n<li>Germany\u2019s DAX and UK\u2019s FTSE 100 posted gains<\/li>\n<\/ul>\n<p>The Pound Euro (GBP\/EUR) exchange rate paused a five-day sell-off and experienced a relief rally as soft US inflation boosts rate hopes. The pair appreciated by +0.34% in the previous session settling on Wednesday at \u20ac1.1863, after trading in a range between \u20ac1.1805 \u2013 \u20ac1.1878.<\/p>\n<p>At 06:11 UTC, GBP\/EUR trades -0.04% at \u20ac1.1857.<\/p>\n<p>Meanwhile, price pressures have eased in Germany confirming the market consensus. German inflation fell slightly in July to a 7.5% year-over-year reading. However, food prices rise higher in Europe\u2019s largest economy rising by 14.8%.<\/p>\n<p>The final reading of Germany\u2019s HICP inflation for July also came in line with the market expectation rising by 8.5%.<\/p>\n<p>Softening of inflation in both the US and the EU cheers global stock markets. The DAX Index, the benchmark index for the German equity market settled +1.23% at 13,700 on Wednesday while UK\u2019s FTSE 100 settled up +0.53% at 7,520.<\/p>\n<p>In the Eurozone, investors are now anticipating a 50 basis points rate hike at ECB\u2019s September meeting. On the other hand, the Bank of England (BoE) is well ahead of the ECB in its tightening cycle. The BOE hiked its deposit rate by 50 basis points to 1.75%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound pauses a five-day of selling pressure against the EUR German inflation fell slightly in July to 7.5% Markets cheer prospects of peak inflation Germany\u2019s DAX and UK\u2019s FTSE 100 posted gains The Pound Euro (GBP\/EUR) exchange rate paused a five-day sell-off and experienced a relief rally as soft US inflation boosts rate hopes. The [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":5645,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,2649,1394],"class_list":{"0":"post-112900","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-eur-gbp","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: Pound Relief Rally Following Soft US Inflation - 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\/107210-gbp-eur-pound-relief-rally-following-soft-us-inflation\/\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107210-gbp-eur-pound-relief-rally-following-soft-us-inflation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107210-gbp-eur-pound-relief-rally-following-soft-us-inflation\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"GBP\\\/EUR: Pound Relief Rally Following Soft US Inflation\",\"datePublished\":\"2022-08-11T06:14:47+00:00\",\"dateModified\":\"2022-08-11T06:18:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107210-gbp-eur-pound-relief-rally-following-soft-us-inflation\\\/\"},\"wordCount\":224,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107210-gbp-eur-pound-relief-rally-following-soft-us-inflation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100662-gbp-usd-no-surprise-us-fed.jpg\",\"keywords\":[\"eur\",\"eur\\\/gbp\",\"gbp\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107210-gbp-eur-pound-relief-rally-following-soft-us-inflation\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107210-gbp-eur-pound-relief-rally-following-soft-us-inflation\\\/\",\"name\":\"GBP\\\/EUR: Pound Relief Rally Following Soft US Inflation - 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