{"id":113812,"date":"2023-02-07T07:00:12","date_gmt":"2023-02-07T07:00:12","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=113812"},"modified":"2023-02-07T06:05:32","modified_gmt":"2023-02-07T06:05:32","slug":"107422-gbp-eur-12-pound-rises-with-boe-speakers-in-focus","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107422-gbp-eur-12-pound-rises-with-boe-speakers-in-focus\/","title":{"rendered":"GBP\/EUR: Pound rises with BoE speakers in focus"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) rises for a second day<\/strong><\/li>\n<li><strong>BoE Chief economist to speak<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) fell after a mixed bag of data yesterday<\/strong><\/li>\n<li><strong>German industrial production data is due<\/strong><\/li>\n<\/ul>\n<p>The Pound Euro (GBP\/EUR) exchange rate is rising for a second straight day. The pair rose 0.43% at the start of the week, settling on Monday at \u20ac1.1209, after trading in a range between \u20ac1.1155 &#8211; \u20ac1.1224 At 05:45 UTC, GBP\/EUR trades +0.12% at \u20ac1.1222.<\/p>\n<p>The pound pushed higher in the previous session, helped higher by hawkish comments from Bank of England policy maker Catherin Mann. In a speech, one of the MPC\u2019s consistently most hawkish rate-setters said that inflation would likely remain higher than the central bank forecasts and that the central bank would likely raise interest rates again at the upcoming meeting in March.<\/p>\n<p>Her comments come after the Bank of England raised interest rates by 50 basis points last week but also downwardly revised the inflation forecast for 2023 to just below 4%.<\/p>\n<p>Today once again, their UK economic calendar is on the light side. Instead, investors will be looking ahead to a speech by Bank of England chief economist Huw Pill.<\/p>\n<p>The euro fell in the previous session after strong gains last week as investors digested a mixed bag of data. German factory orders rose by more than expected in December, bringing the latest sign that Europe\u2019s largest economy may avoid a recession. Demand jumped 3.2% month on month, well ahead of the 2% increase forecast. this was also up from a -4.4% decline in November.<\/p>\n<p>Meanwhile, Centex eurozone investor confidence also improved by more than expected, rising 2 -8.0 in February, up from -17.5 in January and ahead of the -12.8 forecast.<\/p>\n<p>However, it wasn&#8217;t all good news, and eurozone retail sales fell by more than expected, dropping 2.8% month on month, worse than the 2.7% decline forecast and down from the 1.2% increase seen in November.<\/p>\n<p>The data comes as consumer confidence is actually on the rise, but inflation remains high, and interest rates are also increasing, which is squeezing household incomes.<\/p>\n<p>Looking ahead today, the eurozone economic calendar remains in focus with the release of German industrial production data, which is expected to decline 0.6% month on month in December after rising 0.2% in November.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) rises for a second day BoE Chief economist to speak Euro (EUR) fell after a mixed bag of data yesterday German industrial production data is due The Pound Euro (GBP\/EUR) exchange rate is rising for a second straight day. The pair rose 0.43% at the start of the week, settling on Monday at [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5174,"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-113812","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: Pound rises with BoE speakers in focus - 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\/107422-gbp-eur-12-pound-rises-with-boe-speakers-in-focus\/\" \/>\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\\\/107422-gbp-eur-12-pound-rises-with-boe-speakers-in-focus\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107422-gbp-eur-12-pound-rises-with-boe-speakers-in-focus\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pound rises with BoE speakers in focus\",\"datePublished\":\"2023-02-07T07:00:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107422-gbp-eur-12-pound-rises-with-boe-speakers-in-focus\\\/\"},\"wordCount\":375,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107422-gbp-eur-12-pound-rises-with-boe-speakers-in-focus\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100802-gbp-eur-pound-shakey-vs-euro.jpg\",\"keywords\":[\"eur\",\"gbp\",\"gbp\\\/eur\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107422-gbp-eur-12-pound-rises-with-boe-speakers-in-focus\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107422-gbp-eur-12-pound-rises-with-boe-speakers-in-focus\\\/\",\"name\":\"GBP\\\/EUR: Pound rises with BoE speakers in focus - 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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: Pound rises with BoE speakers in focus - 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\/107422-gbp-eur-12-pound-rises-with-boe-speakers-in-focus\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/107422-gbp-eur-12-pound-rises-with-boe-speakers-in-focus\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/107422-gbp-eur-12-pound-rises-with-boe-speakers-in-focus\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"GBP\/EUR: Pound rises with BoE speakers in focus","datePublished":"2023-02-07T07:00:12+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/107422-gbp-eur-12-pound-rises-with-boe-speakers-in-focus\/"},"wordCount":375,"image":{"@id":"https:\/\/currencylive.com\/news\/107422-gbp-eur-12-pound-rises-with-boe-speakers-in-focus\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100802-gbp-eur-pound-shakey-vs-euro.jpg","keywords":["eur","gbp","gbp\/eur"],"articleSection":["EUR","GBP"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/107422-gbp-eur-12-pound-rises-with-boe-speakers-in-focus\/","url":"https:\/\/currencylive.com\/news\/107422-gbp-eur-12-pound-rises-with-boe-speakers-in-focus\/","name":"GBP\/EUR: Pound rises with BoE speakers in focus - 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