{"id":114440,"date":"2023-05-18T07:00:11","date_gmt":"2023-05-18T06:00:11","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=114440"},"modified":"2023-05-21T19:34:58","modified_gmt":"2023-05-21T18:34:58","slug":"107568-gbp-eur-will-ecbs-lagarde-boost-the-euro","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\/","title":{"rendered":"GBP\/EUR: Will ECB\u2019s Lagarde boost the euro?"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) rose after a hawkish BoE<\/strong><\/li>\n<li><strong>UK inflation remains too high<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) fell as CPI was downwardly revised<\/strong><\/li>\n<li><strong>ECB President Lagarde is to speak<\/strong><\/li>\n<\/ul>\n<p>The Pound Euro (GBP\/EUR) exchange rate is falling after rising in the previous session. The pair rose +0.26% yesterday, settling on Wednesday at \u20ac1.1516 and trading in a range between \u20ac1.1465 &#8211; \u20ac1.1537. At 05:35 UTC, GBP\/EUR trades -0.07% at \u20ac1.1415.<\/p>\n<p>The pound rose in the previous session after hawkish comments from Bank of England Governor Andrew Bailey who doubled down on the central bank\u2019s intention to fight inflation.<\/p>\n<p>Mr. Bailey warned over persistently high inflation in the UK, blaming high food inflation and a tight labour market. He admitted that the economy is experiencing a wage-price spiral and said that the central bank would be prepared to hike rates as far as necessary to bring inflation down.<\/p>\n<p>His comments came after UK jobs data yesterday showed that while the unemployment rate unexpectedly rose, average earnings also ticked higher, painting a mixed picture for the BoE.<\/p>\n<p>The BoE hiked rates by 25 basis points to 4.5% in the May meting and could hike rates again in the June meeting.<\/p>\n<p>Today the UK economic calendar is quiet, leaving sentiment to drive the market.<\/p>\n<p>The euro slipped in the previous session after eurozone inflation was downwardly revised to 0.6% month on month in April, down from the preliminary reading of 0.7% and down from 0.9% in March. The annualised figure remained at 7%, up from 6.9% in March.<\/p>\n<p>The data is unlikely to change the European Central Bank\u2019s stance on monetary policy. The ECB said at the May policy meeting that it would continue to raise interest rates as inflation was still too high.<\/p>\n<p>The EU Commission upwardly revised its inflation outlook for the year to 5.8%.<\/p>\n<p>Today there is no high impacting eurozone economic data. Instead, attention will be on ECB President Christine Lagarde who is due to speak. Any comments regarding inflation or monetary policy could influence the euro.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) rose after a hawkish BoE UK inflation remains too high Euro (EUR) fell as CPI was downwardly revised ECB President Lagarde is to speak The Pound Euro (GBP\/EUR) exchange rate is falling after rising in the previous session. The pair rose +0.26% yesterday, settling on Wednesday at \u20ac1.1516 and trading in a range [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":4640,"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-114440","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: Will ECB\u2019s Lagarde boost the euro? - 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\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\/\" \/>\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\\\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Will ECB\u2019s Lagarde boost the euro?\",\"datePublished\":\"2023-05-18T06:00:11+00:00\",\"dateModified\":\"2023-05-21T18:34:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\\\/\"},\"wordCount\":334,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100515-gbp-eur-ecb-address-qe-end.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\\\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\\\/\",\"name\":\"GBP\\\/EUR: Will ECB\u2019s Lagarde boost the euro? - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100515-gbp-eur-ecb-address-qe-end.jpg\",\"datePublished\":\"2023-05-18T06:00:11+00:00\",\"dateModified\":\"2023-05-21T18:34:58+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100515-gbp-eur-ecb-address-qe-end.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100515-gbp-eur-ecb-address-qe-end.jpg\",\"width\":725,\"height\":400,\"caption\":\"GBP\\\/EUR: Euro vs Pound Awaits ECB Address At End Of QE\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/EUR: Will ECB\u2019s Lagarde boost the euro?\"}]},{\"@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: Will ECB\u2019s Lagarde boost the euro? - 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\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"GBP\/EUR: Will ECB\u2019s Lagarde boost the euro?","datePublished":"2023-05-18T06:00:11+00:00","dateModified":"2023-05-21T18:34:58+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\/"},"wordCount":334,"image":{"@id":"https:\/\/currencylive.com\/news\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100515-gbp-eur-ecb-address-qe-end.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\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\/","url":"https:\/\/currencylive.com\/news\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\/","name":"GBP\/EUR: Will ECB\u2019s Lagarde boost the euro? - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100515-gbp-eur-ecb-address-qe-end.jpg","datePublished":"2023-05-18T06:00:11+00:00","dateModified":"2023-05-21T18:34:58+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100515-gbp-eur-ecb-address-qe-end.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100515-gbp-eur-ecb-address-qe-end.jpg","width":725,"height":400,"caption":"GBP\/EUR: Euro vs Pound Awaits ECB Address At End Of QE"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/107568-gbp-eur-will-ecbs-lagarde-boost-the-euro\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/EUR: Will ECB\u2019s Lagarde boost the euro?"}]},{"@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\/100515-gbp-eur-ecb-address-qe-end.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/114440","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=114440"}],"version-history":[{"count":3,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/114440\/revisions"}],"predecessor-version":[{"id":114443,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/114440\/revisions\/114443"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/4640"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=114440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=114440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=114440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}