{"id":115553,"date":"2023-12-20T11:45:51","date_gmt":"2023-12-20T11:45:51","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=115553"},"modified":"2023-12-21T11:40:45","modified_gmt":"2023-12-21T11:40:45","slug":"107881-gbp-eur-pound-falls-as-inflation-cools-significantly","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107881-gbp-eur-pound-falls-as-inflation-cools-significantly\/","title":{"rendered":"GBP\/EUR: Pound falls as inflation cools significantly"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) falls after CPI data<\/strong><\/li>\n<li><strong>UK inflation eased to 3.9% YoY<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) rises after German consumer sentiment figures<\/strong><\/li>\n<li><strong>German sentiment improved to -25.1<\/strong><\/li>\n<\/ul>\n<p>The Pound Euro (GBP\/EUR) exchange is falling after gains yesterday. The pair rose +0.16% in the previous session, settling on Tuesday at \u20ac1.1590 and trading in a range between \u20ac1.1569 &#8211; \u20ac1.1633. At 10:00 UTC, GBP\/EUR trades -0.30% at \u20ac1.1556.<\/p>\n<p>The pound is falling after UK inflation, s measured by the consumer price index, cooled by more than expected in November.<\/p>\n<p>CPI eased 3.9% year on year, down from 4.6% year on year in October and below the 4.4% level forecasts by economists.<\/p>\n<p>Meanwhile, core inflation, which strips out the more volatile items such as food and fuel, eased to 5.1% year on year, down from 5.7% and again well below the 5.5% forecast.<\/p>\n<p>Food inflation slipped into single digits, and service sector inflation, which is watched closely by the Bank of England, cooled to 6.3%, down from 6.6%.<\/p>\n<p>The data suggests that the Bank of England was very cautious last week at the MPC meeting, where it left interest rates on hold at 5.25% but also suggested that rates would stay at this level for an extended period of time in order to control inflation.<\/p>\n<p>The market is now pricing in five full 25 basis point rate cuts by the central bank next year, which is putting the pound lower.<\/p>\n<p>The euro is rising after German consumer confidence data showed that morale was improving in the eurozone&#8217;s largest economy.<\/p>\n<p>Consumer sentiment in Germany is improving at the end of the year, with income expectations and willingness to buy both showing noticeable grace.<\/p>\n<p>The German GFK consumer sentiment index rose to -25.1, an improvement of 2.5 points compared to the previous month, which was revised to 27.6.<\/p>\n<p>The figures show that consumer sentiment is finally improving again after a period of stagnation as inflation cools and interest rates are set to be cut next year.<\/p>\n<p>However, consumers still have other concerns, such as geopolitical crises and wars, as well as worries about the national budget in 2024.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) falls after CPI data UK inflation eased to 3.9% YoY Euro (EUR) rises after German consumer sentiment figures German sentiment improved to -25.1 The Pound Euro (GBP\/EUR) exchange is falling after gains yesterday. The pair rose +0.16% in the previous session, settling on Tuesday at \u20ac1.1590 and trading in a range between \u20ac1.1569 [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5635,"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-115553","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/EUR: Pound falls as inflation cools significantly - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/107881-gbp-eur-pound-falls-as-inflation-cools-significantly\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107881-gbp-eur-pound-falls-as-inflation-cools-significantly\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107881-gbp-eur-pound-falls-as-inflation-cools-significantly\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pound falls as inflation cools significantly\",\"datePublished\":\"2023-12-20T11:45:51+00:00\",\"dateModified\":\"2023-12-21T11:40:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107881-gbp-eur-pound-falls-as-inflation-cools-significantly\\\/\"},\"wordCount\":344,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107881-gbp-eur-pound-falls-as-inflation-cools-significantly\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100658-gbp-eur-uk-gdp-rebounds.jpg\",\"keywords\":[\"eur\",\"gbp\",\"gbp\\\/eur\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107881-gbp-eur-pound-falls-as-inflation-cools-significantly\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107881-gbp-eur-pound-falls-as-inflation-cools-significantly\\\/\",\"name\":\"GBP\\\/EUR: Pound falls as inflation cools significantly - 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