The pound euro (GBP\/EUR) is falling after small gains in the previous session.<\/p>\n
The euro is rising after German business confidence improves slightly, albeit from a low base. German IFO business climate rose to 86.9 in October, up from 85.7 in September. Economists forecast a rise to 85.9.<\/p>\n
The data comes after weak German PMI data yesterday which pointed to the German economy being in a recession.<\/p>\n
The pound is falling as the market expects the BoE to keep rates unchanged in the November meeting, particularly after yesterday’s weak PMI data.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) is falling after small gains in the previous session. The euro is rising after German business confidence improves slightly, albeit from a low base. German IFO business climate rose to 86.9 in October, up from 85.7 in September. Economists forecast a rise to 85.9. The data comes after weak German PMI […]<\/p>\n","protected":false},"author":163946598,"featured_media":4996,"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-115247","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