{"id":114642,"date":"2023-06-23T11:56:16","date_gmt":"2023-06-23T10:56:16","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=114642"},"modified":"2023-07-03T06:14:07","modified_gmt":"2023-07-03T05:14:07","slug":"107617-gbp-eur-pair-jumps-above-e1-17","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107617-gbp-eur-pair-jumps-above-e1-17\/","title":{"rendered":"GBP\/EUR: Pair jumps above \u20ac1.17"},"content":{"rendered":"

The pound euro (GBP\/EUR) exchange rate is rising for a second day pushing above \u20ac1.17.<\/p>\n

The pound is rising after UK retail sales rose unexpectedly in May. Retail sales rose 0.3% YoY, above forecasts of a -0.3% decline.<\/p>\n

The data comes after the BoE raised interest rates<\/a> by 50 basis points yesterday, ahead of the 25 basis points forecast, taking rates to 5%.<\/p>\n

The euro has fallen after the composite PMI data showed that business activity fell to 50.3, down from 52.8. The data suggests that the economy is stalling.<\/p>\n

ECB officials Fabio Panetta and Luis de Guindos are due to speak later.<\/p>\n","protected":false},"excerpt":{"rendered":"

The pound euro (GBP\/EUR) exchange rate is rising for a second day pushing above \u20ac1.17. The pound is rising after UK retail sales rose unexpectedly in May. Retail sales rose 0.3% YoY, above forecasts of a -0.3% decline. The data comes after the BoE raised interest rates by 50 basis points yesterday, ahead of the […]<\/p>\n","protected":false},"author":163946598,"featured_media":5595,"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-114642","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\nGBP\/EUR: Pair jumps above \u20ac1.17 - 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\/107617-gbp-eur-pair-jumps-above-e1-17\/\" \/>\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\\\/107617-gbp-eur-pair-jumps-above-e1-17\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107617-gbp-eur-pair-jumps-above-e1-17\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pair jumps above \u20ac1.17\",\"datePublished\":\"2023-06-23T10:56:16+00:00\",\"dateModified\":\"2023-07-03T05:14:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107617-gbp-eur-pair-jumps-above-e1-17\\\/\"},\"wordCount\":102,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107617-gbp-eur-pair-jumps-above-e1-17\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100638-gbp-eur-pound-pares-losses.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\\\/107617-gbp-eur-pair-jumps-above-e1-17\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107617-gbp-eur-pair-jumps-above-e1-17\\\/\",\"name\":\"GBP\\\/EUR: Pair jumps above \u20ac1.17 - 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