The pound euro (GBP\/EUR) exchange rate is rising towards \u20ac1.15 after steep losses last week.<\/p>\n
The pound fell after the BoE left interest rates unchanged at 5.25% and as recession fears rose following weak PMI data.<\/p>\n
The euro is under pressure at the start of the week ahead of German IFO business climate data which is expected to deteriorate to 85.2 from 85.7.<\/p>\n
The data follows weak PMI data last week which pointed to a contraction in Q3 and as the ECB is likely to have reached peak rates.<\/p>\n
ECB’s Philip Lane said that inflation is expected to keep falling while the interest rate remains at 4%.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is rising towards \u20ac1.15 after steep losses last week. The pound fell after the BoE left interest rates unchanged at 5.25% and as recession fears rose following weak PMI data. The euro is under pressure at the start of the week ahead of German IFO business climate data which […]<\/p>\n","protected":false},"author":163946598,"featured_media":5643,"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-115087","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