{"id":114752,"date":"2023-07-13T09:43:09","date_gmt":"2023-07-13T08:43:09","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=114752"},"modified":"2023-07-26T09:23:28","modified_gmt":"2023-07-26T08:23:28","slug":"gbp-eur-pound-rises-towards-e1-17","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/gbp-eur-pound-rises-towards-e1-17\/","title":{"rendered":"GBP\/EUR: Pound rises towards \u20ac1.17"},"content":{"rendered":"<p>The pound euro (GBP\/EUR) exchange rate is pushing higher after losses yesterday.<\/p>\n<p>The pound is rising after <a href=\"https:\/\/currencylive.com\/news\/107643-gbp-eur-pound-looks-to-uk-gdp-data\/\">UK GDP data<\/a> was better than expected at -0.1% MoM in May, up from -0.2% in April and ahead of forecasts of -0.3%.<\/p>\n<p>The data comes after data earlier in the week showed record wage growth at 7.3%, fueling bets of a more hawkish BoE.<\/p>\n<p>The euro rose yesterday thanks to a weaker USD after inflation cooled by more than expected.<\/p>\n<p>Today&#8217;s attention is on the minutes from the June ECB meeting. Will the minutes provide clues about when the ECB might end its rate hiking cycle?<\/p>\n<p>The European Commission will also release its revised growth forecasts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pound euro (GBP\/EUR) exchange rate is pushing higher after losses yesterday. The pound is rising after UK GDP data was better than expected at -0.1% MoM in May, up from -0.2% in April and ahead of forecasts of -0.3%. The data comes after data earlier in the week showed record wage growth at 7.3%, [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5533,"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-114752","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: Pound rises towards \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\/gbp-eur-pound-rises-towards-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\\\/gbp-eur-pound-rises-towards-e1-17\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-pound-rises-towards-e1-17\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pound rises towards \u20ac1.17\",\"datePublished\":\"2023-07-13T08:43:09+00:00\",\"dateModified\":\"2023-07-26T08:23:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-pound-rises-towards-e1-17\\\/\"},\"wordCount\":119,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-pound-rises-towards-e1-17\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100606-gbp-eur-pound-perks-up-trade-talks.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\\\/gbp-eur-pound-rises-towards-e1-17\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-pound-rises-towards-e1-17\\\/\",\"name\":\"GBP\\\/EUR: Pound rises towards \u20ac1.17 - 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