{"id":115656,"date":"2024-01-23T10:00:05","date_gmt":"2024-01-23T10:00:05","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=115656"},"modified":"2024-01-23T09:44:40","modified_gmt":"2024-01-23T09:44:40","slug":"108026-gbp-eur-pair-rises-towards-e1-17","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/108026-gbp-eur-pair-rises-towards-e1-17\/","title":{"rendered":"GBP\/EUR: Pair rises towards \u20ac1.17"},"content":{"rendered":"<p>The pound euro (GBP\/EUR) exchange rate is rising for a third straight day heading towards 1.17.<\/p>\n<p>The pound rises after data from the ONS showed that <a href=\"https:\/\/currencylive.com\/news\/108025-gbp-eur-pound-rises-as-government-net-borrowing-falls\/\">UK government borrowing<\/a> was lower than expected at \u00a37.77 billion; half what it was a year earlier and well below the \u00a314 billion forecast by analysts.<\/p>\n<p>The lower level of borrowing gives the UK government wiggle room to cut taxes in the March budget should inflation continue to fall towards the 2% Bank of England target.<\/p>\n<p>The euro is falling with eurozone consumer confidence in focus. Consumer confidence is expected to improve to -14.3 up from -15.<\/p>\n<p>Unemployment is at a record low in the region, which helped consumer morale rise to a 22-month high in December.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pound euro (GBP\/EUR) exchange rate is rising for a third straight day heading towards 1.17. The pound rises after data from the ONS showed that UK government borrowing was lower than expected at \u00a37.77 billion; half what it was a year earlier and well below the \u00a314 billion forecast by analysts. The lower level [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5583,"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-115656","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: Pair rises towards \u20ac1.17 - 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\/108026-gbp-eur-pair-rises-towards-e1-17\/\" \/>\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\\\/108026-gbp-eur-pair-rises-towards-e1-17\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/108026-gbp-eur-pair-rises-towards-e1-17\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pair rises towards \u20ac1.17\",\"datePublished\":\"2024-01-23T10:00:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/108026-gbp-eur-pair-rises-towards-e1-17\\\/\"},\"wordCount\":126,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/108026-gbp-eur-pair-rises-towards-e1-17\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100631-gbp-usd-uk-politics-centre-stage.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\\\/108026-gbp-eur-pair-rises-towards-e1-17\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/108026-gbp-eur-pair-rises-towards-e1-17\\\/\",\"name\":\"GBP\\\/EUR: Pair rises towards \u20ac1.17 - 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