The pound euro (GBP\/EUR) exchange rate is falling for a fourth day.<\/p>\n
The pound is under pressure after UK GDP fell by more than expected in July, dropping -0.5% MoM, down from a 0.5% rise in June. Expectations had been for a -0.2% decline.<\/p>\n
The BoE’s rate hikes are taking effect, slowing the economy. The market is increasingly convinced that the BoE hike next week will be the last this cycle.<\/p>\n
The euro is rising but remains subdued after Spanish inflation ticked higher and German ZEW economic sentiment unexpectedly improved in September.<\/p>\n
Eurozone industrial production data is due shortly and is expected to show a -0.7% decline.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is falling for a fourth day. The pound is under pressure after UK GDP fell by more than expected in July, dropping -0.5% MoM, down from a 0.5% rise in June. Expectations had been for a -0.2% decline. The BoE’s rate hikes are taking effect, slowing the economy. The […]<\/p>\n","protected":false},"author":163946598,"featured_media":5970,"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-115027","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