Autmn Budget<\/a>, where Chancellor Jeremy Hunt is expected to try to fill a \u00a355 billion hole in public finances. Tax increases and spending cuts are expected to help push the UK into recession.<\/p>\nThe euro is slipping as investors await eurozone inflation data, which is set to confirm a record high 10.7%YoY increase.<\/p>\n
The data adds pressure to the ECB to hike rates. ECB vice president Luis De Guidos said the central bank will do whatever it takes to bring inflation down.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is advancing on Thursday towards \u20ac1.15. The pound is pushing higher ahead of the Autmn Budget, where Chancellor Jeremy Hunt is expected to try to fill a \u00a355 billion hole in public finances. Tax increases and spending cuts are expected to help push the UK into recession. The euro […]<\/p>\n","protected":false},"author":163946598,"featured_media":5408,"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-113436","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\n
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