{"id":114241,"date":"2023-04-13T09:00:04","date_gmt":"2023-04-13T08:00:04","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=114241"},"modified":"2023-04-13T15:52:13","modified_gmt":"2023-04-13T14:52:13","slug":"gbp-eur-gbp-rises-despite-uk-gdp-stalling","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\/","title":{"rendered":"GBP\/EUR: GBP rises despite UK GDP stalling"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) rises after two days of decline<\/strong><\/li>\n<li><strong>UK GDP stalls at 0% in February<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) falls as ECB could slow pace of hikes<\/strong><\/li>\n<li><strong>EZ industrial output is due<\/strong><\/li>\n<\/ul>\n<p>The Pound Euro (GBP\/EUR) exchange rate is after two days of decline. The pair fell -0.25% in the previous session, settling on Wednesday at \u20ac1.1354, after trading in a range between \u20ac1.1331 &#8211; \u20ac1.1391. At 08:45 UTC, GBP\/EUR trades +0.1% at \u20ac1.1365.<\/p>\n<p>The pound is pushing higher despite data from the Office of National Statistics showing that the UK economy stalled in February. GDP was 0% month on month in February after growing 0.4% on a monthly basis in January.<\/p>\n<p>The data showed that strikes by civil servants and teachers held back growth in the second month of the year. Output in the educational sector fell by 1.7%, which was the largest contributor to services output falling. Analysts believe that had it not been for industrial action, then the UK could have seen modest positive GDP growth in February.<\/p>\n<p>There is still a risk that the UK economy contracted over the first quarter of 2023. However, this wouldn&#8217;t be a technical recession which is to grow some exit growth as GDP actually rose 0.1% in the final quarter of last year.<\/p>\n<p>The data comes as inflation remains in double digits and after Bank of England Governor Andrew Bailey played down the risk a banking-wide crisis, potentially paving the way for further rate hikes.<\/p>\n<p>The euro is edging lower as investors start to price in the possibility that the European Central Bank will raise interest rates by 25 basis points in may after six straight meetings of 50 basis point rate hike.<\/p>\n<p>One inflation remains high; uncertainty is also high up to last months financial sector volatility. The ECB considers that the peak in rate hikes is now in sight and is considering smaller rate hikes in the final mile. ECB interest rate is currently at 3%, which is the level stop restricts growth.<\/p>\n<p>Attention now turns to eurozone industrial output, which is expected to rise 1% month on month, up from 0.7% growth.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) rises after two days of decline UK GDP stalls at 0% in February Euro (EUR) falls as ECB could slow pace of hikes EZ industrial output is due The Pound Euro (GBP\/EUR) exchange rate is after two days of decline. The pair fell -0.25% in the previous session, settling on Wednesday at \u20ac1.1354, [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":4988,"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-114241","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: GBP rises despite UK GDP stalling - 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\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\/\" \/>\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\\\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: GBP rises despite UK GDP stalling\",\"datePublished\":\"2023-04-13T08:00:04+00:00\",\"dateModified\":\"2023-04-13T14:52:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\\\/\"},\"wordCount\":349,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100704-gbp-usd-us-gdp-data.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\\\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\\\/\",\"name\":\"GBP\\\/EUR: GBP rises despite UK GDP stalling - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100704-gbp-usd-us-gdp-data.jpg\",\"datePublished\":\"2023-04-13T08:00:04+00:00\",\"dateModified\":\"2023-04-13T14:52:13+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100704-gbp-usd-us-gdp-data.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100704-gbp-usd-us-gdp-data.jpg\",\"width\":725,\"height\":400,\"caption\":\"GBP\\\/USD: Will US GDP Data Boost the Dollar vs. Pound?\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/EUR: GBP rises despite UK GDP stalling\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\",\"name\":\"Ileana Ionescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"caption\":\"Ileana Ionescu\"},\"description\":\"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. 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: GBP rises despite UK GDP stalling - 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\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"GBP\/EUR: GBP rises despite UK GDP stalling","datePublished":"2023-04-13T08:00:04+00:00","dateModified":"2023-04-13T14:52:13+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\/"},"wordCount":349,"image":{"@id":"https:\/\/currencylive.com\/news\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100704-gbp-usd-us-gdp-data.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\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\/","url":"https:\/\/currencylive.com\/news\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\/","name":"GBP\/EUR: GBP rises despite UK GDP stalling - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100704-gbp-usd-us-gdp-data.jpg","datePublished":"2023-04-13T08:00:04+00:00","dateModified":"2023-04-13T14:52:13+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100704-gbp-usd-us-gdp-data.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100704-gbp-usd-us-gdp-data.jpg","width":725,"height":400,"caption":"GBP\/USD: Will US GDP Data Boost the Dollar vs. Pound?"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/gbp-eur-gbp-rises-despite-uk-gdp-stalling\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/EUR: GBP rises despite UK GDP stalling"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b","name":"Ileana Ionescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","caption":"Ileana Ionescu"},"description":"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. 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\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100704-gbp-usd-us-gdp-data.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/114241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946598"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=114241"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/114241\/revisions"}],"predecessor-version":[{"id":114242,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/114241\/revisions\/114242"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/4988"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=114241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=114241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=114241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}