hawkish comments from BoE’s<\/a> Jonathan Haskel and despite the UK GDP confirming a recession at the end of Q4 2023.<\/p>\nJonathan Haskel said that rates should remain on hold for a long period to control inflation.<\/p>\n
UK GDP contracted -0.3% QoQ in Q4, but more recent GDP data shows that the recession was likely short-lived.<\/p>\n
The euro is falling after German retail sales fell 1.9% MoM, defying expectations of a 0.3% rise. The weak consumption outlook means a rebound in the economy in Q1 is unlikely.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro exchange rate is heading higher for a second day. The pound is rising after hawkish comments from BoE’s Jonathan Haskel and despite the UK GDP confirming a recession at the end of Q4 2023. Jonathan Haskel said that rates should remain on hold for a long period to control inflation. UK GDP […]<\/p>\n","protected":false},"author":163946598,"featured_media":5048,"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-117533","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":"\n
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