{"id":117613,"date":"2024-04-16T11:15:29","date_gmt":"2024-04-16T10:15:29","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=117613"},"modified":"2024-04-16T11:06:06","modified_gmt":"2024-04-16T10:06:06","slug":"gbp-eur-pair-rises-above-e1-17","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/gbp-eur-pair-rises-above-e1-17\/","title":{"rendered":"GBP\/EUR: Pair rises above \u20ac1.17"},"content":{"rendered":"

The pound euro exchange rate (GBP\/EUR<\/a>) is rising for a third day.<\/p>\n

The pound is up after UK unemployment rose to 4.2% in a sign that the labour market could be starting to weaken.<\/p>\n

However wage growth remained strong<\/a> at 6%, only down slightly from 6.1% in the previous month. This keeps inflationary pressures high.<\/p>\n

The market is pricing in an 80% probability of a 25 basis point rate cut in August.<\/p>\n

The EUR is under pressure as the ECB is expected to cut rates first, in June.<\/p>\n

German ZEW economic sentiment rose by much more than expected to 42.9 up from 31.7 in March.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The pound euro exchange rate (GBP\/EUR) is rising for a third day. The pound is up after UK unemployment rose to 4.2% in a sign that the labour market could be starting to weaken. However wage growth remained strong at 6%, only down slightly from 6.1% in the previous month. This keeps inflationary pressures high. […]<\/p>\n","protected":false},"author":163946598,"featured_media":5248,"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-117613","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":"\nGBP\/EUR: Pair rises above \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\/gbp-eur-pair-rises-above-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\\\/gbp-eur-pair-rises-above-e1-17\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-pair-rises-above-e1-17\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pair rises above \u20ac1.17\",\"datePublished\":\"2024-04-16T10:15:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-pair-rises-above-e1-17\\\/\"},\"wordCount\":105,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-pair-rises-above-e1-17\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100841-gbp-usd-brexit-focus-on-pound.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\\\/gbp-eur-pair-rises-above-e1-17\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-pair-rises-above-e1-17\\\/\",\"name\":\"GBP\\\/EUR: Pair rises above \u20ac1.17 - 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