{"id":113016,"date":"2022-09-05T09:29:04","date_gmt":"2022-09-05T08:29:04","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=113016"},"modified":"2022-09-05T09:32:19","modified_gmt":"2022-09-05T08:32:19","slug":"107250-gbp-eur-the-pair-rises-towards-e1-16","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107250-gbp-eur-the-pair-rises-towards-e1-16\/","title":{"rendered":"GBP\/EUR: The pair rises towards \u20ac1.16"},"content":{"rendered":"

The pound euro (GBP\/EUR) exchange rate is heading higher after losses last week.<\/p>\n

The euro trades under pressure after Russia cut gas supply through the Nord Stream 1 pipeline indefinitely, deepening the energy crisis<\/a>. European gas prices jump 30%.<\/p>\n

Eurozone composite PMI data shows that business activity slowed by more than forecast to 48.9 down from 49.9 in August.<\/p>\n

The pound trades modestly higher versus the euro back steeply lower versus the USD ahead of the announcement of the new British Prime Minister.<\/p>\n

Liz Truss is expected to win. However the market is fretting over her plans to cut tax to boost the economy, which could add to inflationary pressures.<\/p>\n","protected":false},"excerpt":{"rendered":"

The pound euro (GBP\/EUR) exchange rate is heading higher after losses last week. The euro trades under pressure after Russia cut gas supply through the Nord Stream 1 pipeline indefinitely, deepening the energy crisis. European gas prices jump 30%. Eurozone composite PMI data shows that business activity slowed by more than forecast to 48.9 down […]<\/p>\n","protected":false},"author":163946598,"featured_media":5416,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1394,2410],"class_list":{"0":"post-113016","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-gbp","11":"tag-gbp-eur"},"acf":[],"yoast_head":"\nGBP\/EUR: The pair rises towards \u20ac1.16 - 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\/107250-gbp-eur-the-pair-rises-towards-e1-16\/\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107250-gbp-eur-the-pair-rises-towards-e1-16\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107250-gbp-eur-the-pair-rises-towards-e1-16\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: The pair rises towards \u20ac1.16\",\"datePublished\":\"2022-09-05T08:29:04+00:00\",\"dateModified\":\"2022-09-05T08:32:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107250-gbp-eur-the-pair-rises-towards-e1-16\\\/\"},\"wordCount\":113,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107250-gbp-eur-the-pair-rises-towards-e1-16\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100932-gbp-eur-brexit-summit.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\\\/107250-gbp-eur-the-pair-rises-towards-e1-16\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107250-gbp-eur-the-pair-rises-towards-e1-16\\\/\",\"name\":\"GBP\\\/EUR: The pair rises towards \u20ac1.16 - 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