{"id":113358,"date":"2022-11-04T09:52:28","date_gmt":"2022-11-04T09:52:28","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=113358"},"modified":"2022-11-07T10:26:05","modified_gmt":"2022-11-07T10:26:05","slug":"107326-gbp-eur-euro-falls-after-german-factory-orders-slump","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107326-gbp-eur-euro-falls-after-german-factory-orders-slump\/","title":{"rendered":"GBP\/EUR: Euro falls after German factory orders slump"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) rises after steep losses post-BoE<\/strong><\/li>\n<li><strong>Chancellor could raise taxes on dividends<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) falls after German factory orders slump<\/strong><\/li>\n<li><strong>Eurozone services PMI up next<\/strong><\/li>\n<\/ul>\n<p>The Pound Euro (GBP\/EUR) exchange rate is rising after steep losses in the previous session. The pair fell -1.3% yesterday, settling at \u20ac1.1445 after trading in a range between \u20ac1.1589 &#8211; \u20ac1.1635 across the session. At 05:45 UTC, GBP\/EUR trades +0.3% at \u20ac1.1643.<\/p>\n<p>The pound is attempting to rise after steep falls in the previous session. The pound tumbled after the Bank of England raised interest rates by 0.75%, the largest rate hike in 33 years. The move by the central bank takes interest rates to 3% as it fights against inflation of 10.1%, a 4-decade high.<\/p>\n<p>BoE Andrew Bailey warned that peak interest rates were unlikely to rise to the 5.25% that the market was expecting. The UK is also expected to fall into a prolonged recession from Q4 2022 lasting throughout 2023. Slower growth means slower inflation which means that the BoE will need to raise interest rates at a less aggressive pace.<\/p>\n<p>Today three is no high impacting UK economic data. Investors continue to look ahead to the fiscal statement on 17<sup>th<\/sup> November. Recent reports suggest that the Chancellor could look to raise taxes on capital gains and dividend taxes, a move which would affect the many small businesses which are the bases of the UK economy.<\/p>\n<p>The euro is edging lower after German factory orders tumbled in September. Factory orders fell -4% month on month in September. This was down from -2% in August and well short of analyst\u2019s forecasts of a -0.5% decline. The sharp decline comes as foreign orders dropped 7% and as domestic inflation rose to a record high.<\/p>\n<p>The data is the latest, which points to Germany heading into a recession as it struggles with rising energy costs. After a surprise rise in GDP in the third quarter, the economy is expected to contract in the current quarter before falling into recession next year.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) rises after steep losses post-BoE Chancellor could raise taxes on dividends Euro (EUR) falls after German factory orders slump Eurozone services PMI up next The Pound Euro (GBP\/EUR) exchange rate is rising after steep losses in the previous session. The pair fell -1.3% yesterday, settling at \u20ac1.1445 after trading in a range between [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":4692,"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":["post-113358","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: Euro falls after German factory orders slump - 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\/107326-gbp-eur-euro-falls-after-german-factory-orders-slump\/\" \/>\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\\\/107326-gbp-eur-euro-falls-after-german-factory-orders-slump\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107326-gbp-eur-euro-falls-after-german-factory-orders-slump\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Euro falls after German factory orders slump\",\"datePublished\":\"2022-11-04T09:52:28+00:00\",\"dateModified\":\"2022-11-07T10:26:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107326-gbp-eur-euro-falls-after-german-factory-orders-slump\\\/\"},\"wordCount\":337,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107326-gbp-eur-euro-falls-after-german-factory-orders-slump\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100541-gbp-eur-german-coalition.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\\\/107326-gbp-eur-euro-falls-after-german-factory-orders-slump\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107326-gbp-eur-euro-falls-after-german-factory-orders-slump\\\/\",\"name\":\"GBP\\\/EUR: Euro falls after German factory orders slump - 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Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/ileana-ionescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/EUR: Euro falls after German factory orders slump - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/107326-gbp-eur-euro-falls-after-german-factory-orders-slump\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/107326-gbp-eur-euro-falls-after-german-factory-orders-slump\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/107326-gbp-eur-euro-falls-after-german-factory-orders-slump\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"GBP\/EUR: Euro falls after German factory orders slump","datePublished":"2022-11-04T09:52:28+00:00","dateModified":"2022-11-07T10:26:05+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/107326-gbp-eur-euro-falls-after-german-factory-orders-slump\/"},"wordCount":337,"image":{"@id":"https:\/\/currencylive.com\/news\/107326-gbp-eur-euro-falls-after-german-factory-orders-slump\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100541-gbp-eur-german-coalition.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\/107326-gbp-eur-euro-falls-after-german-factory-orders-slump\/","url":"https:\/\/currencylive.com\/news\/107326-gbp-eur-euro-falls-after-german-factory-orders-slump\/","name":"GBP\/EUR: Euro falls after German factory orders slump - 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