{"id":112913,"date":"2022-08-16T06:47:55","date_gmt":"2022-08-16T05:47:55","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=112913"},"modified":"2022-08-16T06:51:45","modified_gmt":"2022-08-16T05:51:45","slug":"107216-gbp-eur-sterling-secures-2-day-gains-ahead-of-uk-unemployment-data","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107216-gbp-eur-sterling-secures-2-day-gains-ahead-of-uk-unemployment-data\/","title":{"rendered":"GBP\/EUR: Sterling Secures 2-Day Gains Ahead of UK Unemployment Data"},"content":{"rendered":"<ul>\n<li>Pound firm against the EUR for second day<\/li>\n<li>UK investors are eyeing the labour market report<\/li>\n<li>Germany\u2019s ZEW economic sentiment to be release later<\/li>\n<li>Major stock indices trade lower on China growth worries<\/li>\n<\/ul>\n<p>The Pound Euro (GBP\/EUR) exchange rate starts the first trading session on a positive note ahead of key economic data. The pair rose by +0.31% in the previous session settling on Monday at \u20ac1.1865, after trading in a range between \u20ac1.1805 \u2013 \u20ac1.1877.<\/p>\n<p>At 05:46 UTC, GBP\/EUR trades -0.06% at \u20ac1.1858.<\/p>\n<p>The unemployment rate in the UK is expected to be flat at 3.8% in the three months through June. The number of people claiming unemployment-related benefits is expected to decline to -32k in July from the previous -20k.<\/p>\n<p>Meanwhile, in the EU the spotlight is on the German and Eurozone ZEW economic sentiment data. The assessment of the economic sentiment in Germany took a deep dive to -53.8 in July and according to the economists\u2019 consensus, it should slightly ease to -52.7 in August.<\/p>\n<p>The consumer sentiment in Germany plunged below the readings recorded at the beginning of the 2020\u2019s lockdowns.<\/p>\n<p><em>&#8220;Expectations for energy-intensive and export-oriented sectors of the economy have fallen particularly sharply,\u201d<\/em> said ZEW president Achim Wambach.<\/p>\n<p>At the same time, the ZEW indicator of economic sentiment for the Euro Area last time came in at -51.1 compared to a forecasting reading of -42.5 for August.<\/p>\n<p>Elsewhere, UK\u2019s FTSE 100 and Germany\u2019s DAX traded lower -0.12% respectively -0.57% on the first trading session of the week amid a slowdown in economic activity in China.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound firm against the EUR for second day UK investors are eyeing the labour market report Germany\u2019s ZEW economic sentiment to be release later Major stock indices trade lower on China growth worries The Pound Euro (GBP\/EUR) exchange rate starts the first trading session on a positive note ahead of key economic data. The pair [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":4257,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[3160,2410,3105],"class_list":{"0":"post-112913","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-dax","10":"tag-gbp-eur","11":"tag-german-zew"},"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: Sterling Secures 2-Day Gains Ahead of UK Unemployment Data - 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\/107216-gbp-eur-sterling-secures-2-day-gains-ahead-of-uk-unemployment-data\/\" \/>\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\\\/107216-gbp-eur-sterling-secures-2-day-gains-ahead-of-uk-unemployment-data\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107216-gbp-eur-sterling-secures-2-day-gains-ahead-of-uk-unemployment-data\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"GBP\\\/EUR: Sterling Secures 2-Day Gains Ahead of UK Unemployment Data\",\"datePublished\":\"2022-08-16T05:47:55+00:00\",\"dateModified\":\"2022-08-16T05:51:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107216-gbp-eur-sterling-secures-2-day-gains-ahead-of-uk-unemployment-data\\\/\"},\"wordCount\":269,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107216-gbp-eur-sterling-secures-2-day-gains-ahead-of-uk-unemployment-data\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100316-gbp-usd-uk-lower-unemployment.jpg\",\"keywords\":[\"DAX\",\"gbp\\\/eur\",\"German ZEW\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107216-gbp-eur-sterling-secures-2-day-gains-ahead-of-uk-unemployment-data\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107216-gbp-eur-sterling-secures-2-day-gains-ahead-of-uk-unemployment-data\\\/\",\"name\":\"GBP\\\/EUR: Sterling Secures 2-Day Gains Ahead of UK Unemployment Data - 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