German GDP fell<\/a> -0.3% QoQ in Q1, after falling -0.5% in Q4 2022. This means that Germany has fallen into a recession.<\/p>\nWeak household consumption and declining industrial output resulted in negative growth.<\/p>\n
The pound is rising after UK inflation cooled by less than expected to 8.7% YoY in April down from 10.1% but higher than the 8.2% forecast.<\/p>\n
The data piles pressure on the BoE to keep hiking interest rates. The market now expects the peak rate at 5.45%, up from 5.1% yesterday.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is rising, recovering losses from yesterday. The euro is falling after German GDP fell -0.3% QoQ in Q1, after falling -0.5% in Q4 2022. This means that Germany has fallen into a recession. Weak household consumption and declining industrial output resulted in negative growth. The pound is rising after […]<\/p>\n","protected":false},"author":163946598,"featured_media":5529,"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-114483","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\n
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