{"id":114184,"date":"2023-03-31T07:01:01","date_gmt":"2023-03-31T06:01:01","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=114184"},"modified":"2023-04-12T06:06:08","modified_gmt":"2023-04-12T05:06:08","slug":"107505-gbp-eur-euro-falls-ahead-of-inflation-data","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107505-gbp-eur-euro-falls-ahead-of-inflation-data\/","title":{"rendered":"GBP\/EUR: Euro falls ahead of inflation data"},"content":{"rendered":"<ul>\n<li><strong><span class=\"x_ContentPasted0\" lang=\"EN-US\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) rises with UK GDP data due \u00a0<\/span><\/strong><\/li>\n<li><strong><span class=\"x_ContentPasted0\" lang=\"EN-US\">Q4 GDP is expected to be 0%\u00a0<\/span><\/strong><\/li>\n<li><strong><span class=\"x_ContentPasted0\" lang=\"EN-US\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) falls ahead of inflation data \u00a0<\/span><\/strong><\/li>\n<li><span class=\"x_ContentPasted0\" lang=\"EN-US\"><strong>Spanish inflation halved to 3.3%<\/strong>\u00a0<\/span><\/li>\n<\/ul>\n<p class=\"x_MsoNormal\"><span class=\"x_ContentPasted0\" lang=\"EN-US\">The Pound Euro (GBP\/EUR) exchange rate is for a second straight session. The pair rose 0.04% yesterday, settling on Tuesday at \u20ac1.1355, after trading in a range between \u20ac1.1324 &#8211; \u20ac1.1394. At 05:45 UTC, GBP\/EUR trades +0.11% at \u20ac1.1367. \u00a0<\/span><\/p>\n<p class=\"x_MsoNormal x_ContentPasted0\">The pound is pushing higher amid an upbeat market mood and as investors weigh up whether the Bank of England will raise interest rates at the coming meeting. With inflation still in double digits the central bank could have few alternatives. That said there is a division within the central bank over whether they should raise rates again after such a steep cycle of tightening.<\/p>\n<p class=\"x_MsoNormal x_ContentPasted0\">Earlier in the week BoE Governor Andrew Bailey said that the central bank could need to hike again.<\/p>\n<p class=\"x_MsoNormal x_ContentPasted0\">Today attention will be on the UK GDP data which is expected to confirm that the UK economy stalled in the final three months of 2022 with 0% growth. This is the final reading so doesn\u2019t tend to be as market moving as preliminary readings.<\/p>\n<p class=\"x_MsoNormal x_ContentPasted0\">While the economy stalled at the end of last year, the outlook for the economy this year has improved slightly.<\/p>\n<p class=\"x_MsoNormal x_ContentPasted0\">The euro fell yesterday after Spanish and German inflation cooled in March. Spanish inflation almost halved to 3.3% year on year, down from 6% in February. Meanwhile German inflation cooled to 7.4% down from 8.7% year on year. This was slightly up from the 7.3% that analysts forecast.<\/p>\n<p class=\"x_MsoNormal x_ContentPasted0\">Today, eurozone inflation will be in focus. Expectations are for eurozone inflation to cool to 7.1% year on year in March, down from 8.5% in February as gas prices fall. However, core CPI which strips out more volatile items such as food and fuel, is actually expected to rise to 5.7% up from 5.6% in February.<\/p>\n<p class=\"x_MsoNormal x_ContentPasted0\">The stickier core inflation is likely to keep the European Central Bank on track to keep raising interest rates in order to tame inflation. ECB policymakers have hinted towards further rate hikes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) rises with UK GDP data due \u00a0 Q4 GDP is expected to be 0%\u00a0 Euro (EUR) falls ahead of inflation data \u00a0 Spanish inflation halved to 3.3%\u00a0 The Pound Euro (GBP\/EUR) exchange rate is for a second straight session. The pair rose 0.04% yesterday, settling on Tuesday at \u20ac1.1355, after trading in a [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5138,"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-114184","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":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/EUR: Euro falls ahead of inflation 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\/107505-gbp-eur-euro-falls-ahead-of-inflation-data\/\" \/>\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\\\/107505-gbp-eur-euro-falls-ahead-of-inflation-data\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107505-gbp-eur-euro-falls-ahead-of-inflation-data\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Euro falls ahead of inflation data\",\"datePublished\":\"2023-03-31T06:01:01+00:00\",\"dateModified\":\"2023-04-12T05:06:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107505-gbp-eur-euro-falls-ahead-of-inflation-data\\\/\"},\"wordCount\":341,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107505-gbp-eur-euro-falls-ahead-of-inflation-data\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100784-gbp-eur-inflation-affects-pound.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\\\/107505-gbp-eur-euro-falls-ahead-of-inflation-data\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107505-gbp-eur-euro-falls-ahead-of-inflation-data\\\/\",\"name\":\"GBP\\\/EUR: Euro falls ahead of inflation data - 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