The pound euro (GBP\/EUR) exchange rate has fallen below \u20ac1.1450, and is set to drop over 0.8% across the week.<\/p>\n
The pound is falling after UK GDP fell to 0% QoQ in Q3, down from 0.2% growth in Q2. This was slightly above the -0.1% contraction forecast. The data could convince the BoE that they are done hiking interest rates.<\/p>\n
The market expects the BoE to cut in August next year.<\/p>\n
The euro is rising after comments from the ECB officials across the week. The policymakers spoke of the need to keep interest rates elevated to tame inflation back to 2%.<\/p>\n
There is no high impacting UK economic data today.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate has fallen below \u20ac1.1450, and is set to drop over 0.8% across the week. The pound is falling after UK GDP fell to 0% QoQ in Q3, down from 0.2% growth in Q2. This was slightly above the -0.1% contraction forecast. The data could convince the BoE that they […]<\/p>\n","protected":false},"author":163946598,"featured_media":4988,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1394,3481],"class_list":["post-115333","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-gbp","tag-gbp-erur"],"acf":[],"yoast_head":"\n