The pound euro (GBP\/EUR) exchange rate is rising for a second day.<\/p>\n
The pound rises despite UK manufacturing PMI remaining well below 50 at 44.8, a downward revision from the preliminary 45.2 figure. The manufacturing sector remains a drag on the economy.<\/p>\n
The BoE interest rate decision is in focus and the BoE could keep rates on hold but reiterate that rates will need to stay high for longer.<\/p>\n
The euro fell yesterday after eurozone data and is extending that loss today. Eurozone GDP contracted -0.1% QoQ in Q3 and inflation cooled to 2.9%, more than expected raising bets that the ECB could cut rates sooner.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is rising for a second day. The pound rises despite UK manufacturing PMI remaining well below 50 at 44.8, a downward revision from the preliminary 45.2 figure. The manufacturing sector remains a drag on the economy. The BoE interest rate decision is in focus and the BoE could keep […]<\/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":{"0":"post-115282","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-eur","10":"tag-gbp","11":"tag-gbp-eur"},"acf":[],"yoast_head":"\n