{"id":115573,"date":"2024-01-04T10:15:13","date_gmt":"2024-01-04T10:15:13","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=115573"},"modified":"2024-01-04T10:03:32","modified_gmt":"2024-01-04T10:03:32","slug":"107891-gbp-eur-pair-rises-above-e1-16-2","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107891-gbp-eur-pair-rises-above-e1-16-2\/","title":{"rendered":"GBP\/EUR: Pair rises above \u20ac1.16"},"content":{"rendered":"

The pound euro (GBP\/EUR) exchange rate is rising for a third straight session and has pushed above \u20ac1.1600 as the market digests PMI data.<\/a><\/p>\n

The pound is recovering from a quiet start after PMI data showed that the UK dominant service sector grew at a faster pace than expected at 53.4, up from 50.9 in November.<\/p>\n

A strong service sector could fuel bets that the BoE will keep rates high for longer.<\/p>\n

The eurozone service sector PMI was also revised higher to 48.8 in December, up from 48.7 in November. The level 50 separates expansion from contraction.<\/p>\n

Attention now turns to German inflation data, which is expected to rise to 3.7% YoY up from 3.2%. Hot inflation could see the market rein in rate cut bets and boost the EUR.<\/p>\n","protected":false},"excerpt":{"rendered":"

The pound euro (GBP\/EUR) exchange rate is rising for a third straight session and has pushed above \u20ac1.1600 as the market digests PMI data. The pound is recovering from a quiet start after PMI data showed that the UK dominant service sector grew at a faster pace than expected at 53.4, up from 50.9 in […]<\/p>\n","protected":false},"author":163946598,"featured_media":5591,"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-115573","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\nGBP\/EUR: Pair rises above \u20ac1.16 - 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\/107891-gbp-eur-pair-rises-above-e1-16-2\/\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107891-gbp-eur-pair-rises-above-e1-16-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107891-gbp-eur-pair-rises-above-e1-16-2\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pair rises above \u20ac1.16\",\"datePublished\":\"2024-01-04T10:15:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107891-gbp-eur-pair-rises-above-e1-16-2\\\/\"},\"wordCount\":128,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107891-gbp-eur-pair-rises-above-e1-16-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100636-gbp-eur-pound-drops-brexit-plan.jpg\",\"keywords\":[\"eur\",\"gbp\",\"gbp\\\/eur\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107891-gbp-eur-pair-rises-above-e1-16-2\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107891-gbp-eur-pair-rises-above-e1-16-2\\\/\",\"name\":\"GBP\\\/EUR: Pair rises above \u20ac1.16 - 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