{"id":115747,"date":"2024-02-14T15:20:20","date_gmt":"2024-02-14T15:20:20","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=115747"},"modified":"2024-02-14T15:12:38","modified_gmt":"2024-02-14T15:12:38","slug":"108045-gbp-eur-pair-falls-towards-e1-17","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/108045-gbp-eur-pair-falls-towards-e1-17\/","title":{"rendered":"GBP\/EUR: Pair falls towards \u20ac1.17"},"content":{"rendered":"<p>The pound euro exchange rate (GBP\/EUR) is falling, snapping a 3-day winning run.<\/p>\n<p>The pound is falling after <a href=\"https:\/\/currencylive.com\/news\/108044-gbp-eur-pound-falls-after-weaker-than-expected-inflation\/\">UK inflation, CPI, was cooler than expected<\/a> at 4% YoY, vs 4.1% forecast. On a monthly basis, CPI fell -0.6% vs -0.3% forecast.<\/p>\n<p>Cooler inflation saw the market increase rate cut bets for 2024, pulling GBP lower.<\/p>\n<p>The euro is rising after data confirmed the region avoided a recession at the end of last year.<\/p>\n<p>Eurozone GDP stagnated at 0% QoQ in Q4, after falling -0.1% in Q3. Meanwhile, the number of people employed rose 0.3%, supporting the view that a strong labour market could prevent the ECB from cutting rates sooner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pound euro exchange rate (GBP\/EUR) is falling, snapping a 3-day winning run. The pound is falling after UK inflation, CPI, was cooler than expected at 4% YoY, vs 4.1% forecast. On a monthly basis, CPI fell -0.6% vs -0.3% forecast. Cooler inflation saw the market increase rate cut bets for 2024, pulling GBP lower. [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5408,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,2649,1394,2410],"class_list":["post-115747","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-eur-gbp","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 falls 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\/108045-gbp-eur-pair-falls-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\\\/108045-gbp-eur-pair-falls-towards-e1-17\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/108045-gbp-eur-pair-falls-towards-e1-17\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pair falls towards \u20ac1.17\",\"datePublished\":\"2024-02-14T15:20:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/108045-gbp-eur-pair-falls-towards-e1-17\\\/\"},\"wordCount\":111,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/108045-gbp-eur-pair-falls-towards-e1-17\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100928-gbp-eur-possible-brexit-extension.jpg\",\"keywords\":[\"eur\",\"eur\\\/gbp\",\"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\\\/108045-gbp-eur-pair-falls-towards-e1-17\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/108045-gbp-eur-pair-falls-towards-e1-17\\\/\",\"name\":\"GBP\\\/EUR: Pair falls towards \u20ac1.17 - 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