{"id":114475,"date":"2023-05-24T09:16:27","date_gmt":"2023-05-24T08:16:27","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=114475"},"modified":"2023-05-30T11:02:48","modified_gmt":"2023-05-30T10:02:48","slug":"107576-gbp-eur-pair-falls-towards-e1-15","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107576-gbp-eur-pair-falls-towards-e1-15\/","title":{"rendered":"GBP\/EUR: Pair falls towards \u20ac1.15"},"content":{"rendered":"<p>The pound euro (GBP\/EUR) exchange rate is heading lower after gains yesterday.<\/p>\n<p>The pound is falling in risk off trade and despite hotter than expected UK inflation.<\/p>\n<p><a href=\"https:\/\/currencylive.com\/news\/107575-gbp-eur-uk-inflation-to-drive-the-pound\/\">UK CPI cooled<\/a> to 8.7% YoY in April, down from 10.1% but above the 8.2% forecast. The data ramps up pressure on the BoE to hike rates again.<\/p>\n<p>The IMF warned of Britain being a risk from persistently high inflation.<\/p>\n<p>The euro is rising as risk appetite wanes. Attention turns to German IFO business climate data which is expected to cool to 93.<\/p>\n<p>The data comes after German PMI data yesterday was mixed. The manufacturing sector contracted further while the services sector showed strong growth in May.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pound euro (GBP\/EUR) exchange rate is heading lower after gains yesterday. The pound is falling in risk off trade and despite hotter than expected UK inflation. UK CPI cooled to 8.7% YoY in April, down from 10.1% but above the 8.2% forecast. The data ramps up pressure on the BoE to hike rates again. [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5643,"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-114475","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: Pair falls towards \u20ac1.15 - 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\/107576-gbp-eur-pair-falls-towards-e1-15\/\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107576-gbp-eur-pair-falls-towards-e1-15\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107576-gbp-eur-pair-falls-towards-e1-15\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pair falls towards \u20ac1.15\",\"datePublished\":\"2023-05-24T08:16:27+00:00\",\"dateModified\":\"2023-05-30T10:02:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107576-gbp-eur-pair-falls-towards-e1-15\\\/\"},\"wordCount\":116,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107576-gbp-eur-pair-falls-towards-e1-15\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100662-gbp-eur-pound-declines-light-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\\\/107576-gbp-eur-pair-falls-towards-e1-15\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107576-gbp-eur-pair-falls-towards-e1-15\\\/\",\"name\":\"GBP\\\/EUR: Pair falls towards \u20ac1.15 - 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