{"id":114272,"date":"2023-04-19T07:00:03","date_gmt":"2023-04-19T06:00:03","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=114272"},"modified":"2023-04-20T09:59:20","modified_gmt":"2023-04-20T08:59:20","slug":"gbp-eur-uk-eurozone-inflation-in-focus","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/gbp-eur-uk-eurozone-inflation-in-focus\/","title":{"rendered":"GBP\/EUR: UK &#038; Eurozone inflation in focus"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) rose after strong wage growth<\/strong><\/li>\n<li><strong>UK CPI is forecast to cool to 9.8%<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) fell after German ZEW economic sentiment falls<\/strong><\/li>\n<li><strong>EZ final inflation data is due<\/strong><\/li>\n<\/ul>\n<p>The Pound Euro (GBP\/EUR) exchange rate is holding steady on Wednesday for a second straight day. The pair settled on Wednesday at \u20ac1.1322, after trading in a range between \u20ac1.1317 &#8211; \u20ac1.1354. At 05:45 UTC, GBP\/EUR trades +0.01% at \u20ac1.1324.<\/p>\n<p>The pound pushed higher yesterday after UK jobs data, which showed that unemployment ticked higher while wage growth was faster than expected. UK unemployment rose to 3.8% in the three months to February, up from 3.7%. This was the highest level since the second quarter of last year.<\/p>\n<p>Meanwhile, annual pay growth for the three months to January was revised higher to 5.9% well, ahead of expectations of a decline to 5.1%. Wage growth excluding bonuses held steady at 6.6%, defying expectations of a decline to 6.2% and keeping inflationary pressures high.<\/p>\n<p>Today inflation data will be in focus, and expectations are for the consumer price index to ease out of double digits to 9.8% year on year in March, down from 10.4%. Meanwhile, Core inflation which strips out more volatile items such as food and fuel, is expected to cool slightly to 6% from 6.2%.<\/p>\n<p>Hot inflation and solid wage growth will keep pressure on the Bank of England to raise interest rates again when they meet next month.<\/p>\n<p>The euro came under pressure after data showed that economic sentiment in Germany weekend in April. The closely watched ZEW economic sentiment index for the eurozone&#8217;s largest economy unexpectedly fell to 4.1 in April, down from 13 in March and well below the 15.3 forecast.<\/p>\n<p>Today eurozone inflation will also be in focus; this is the final reading and is expected to confirm the preliminary reading of 6.9% year on year down from 8.5% in February. Meanwhile, core inflation is expected to confirm a tick higher to 5.7%, up from 5.6%.<\/p>\n<p>The data could support hawkish comments from ECB officials in recent weeks as the central bank continues to fight high inflation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) rose after strong wage growth UK CPI is forecast to cool to 9.8% Euro (EUR) fell after German ZEW economic sentiment falls EZ final inflation data is due The Pound Euro (GBP\/EUR) exchange rate is holding steady on Wednesday for a second straight day. The pair settled on Wednesday at \u20ac1.1322, after trading [&hellip;]<\/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-114272","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: UK &amp; Eurozone inflation 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\/gbp-eur-uk-eurozone-inflation-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\\\/gbp-eur-uk-eurozone-inflation-in-focus\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-uk-eurozone-inflation-in-focus\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: UK &#038; 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