The pound euro (GBP\/EUR) exchange rate is falling on Monday after gains last week.<\/p>\n
The pound trades under pressure ahead of BoE Governor Andrew Bailey\u2019s speech later today. While a hawkish BoE is supporting sterling, concerns over a recession are limiting the upside.<\/p>\n
There is no high-impacting economic data due to be released today. UK unemployment figures and wage growth are due tomorrow.<\/p>\n
The euro is rising despite investor sentiment taking a hit. The Sentix investor confidence gauge fell to -22.5 in July, from -17 in June. This was below the estimates of -17.9.<\/p>\n
The index reflected conditions in the German economy which are dramatically bad.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is falling on Monday after gains last week. The pound trades under pressure ahead of BoE Governor Andrew Bailey\u2019s speech later today. While a hawkish BoE is supporting sterling, concerns over a recession are limiting the upside. There is no high-impacting economic data due to be released today. UK […]<\/p>\n","protected":false},"author":163946598,"featured_media":5573,"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-114728","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