{"id":117777,"date":"2024-05-21T13:30:03","date_gmt":"2024-05-21T12:30:03","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=117777"},"modified":"2024-05-21T13:12:38","modified_gmt":"2024-05-21T12:12:38","slug":"109090-gbp-eur-pair-hold-steady-at-e1-17","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109090-gbp-eur-pair-hold-steady-at-e1-17\/","title":{"rendered":"GBP\/EUR: Pair hold steady at \u20ac1.17"},"content":{"rendered":"<p>The pound euro (<a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-eur-exchange-rate-today\/\">GBP\/EUR<\/a>) exchange rate is holding steady after grinding higher in recent sessions.<\/p>\n<p>The pound is weighing up Kantar data, which showed that grocery inflation cooled to 2.4%, its lowest level since October 2021.<\/p>\n<p>The data comes ahead of UK inflation data tomorrow and a speech by <a href=\"https:\/\/currencylive.com\/news\/109089-gbp-eur-pair-holds-steady-ahead-of-boes-bailey-after-the-german-ppi\/\">BoE governor Andrew Bailey<\/a> later today.<\/p>\n<p>The euro is weighing up a -3.3% fall in German wholesale inflation (PPI), which fell from -2.9% YoY in March. This suggests that consumer prices could continue falling.<\/p>\n<p>The ECB is on track to cut rates in June. However, there is some uncertainty over whether the central bank will cut rates again in July.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pound euro (GBP\/EUR) exchange rate is holding steady after grinding higher in recent sessions. The pound is weighing up Kantar data, which showed that grocery inflation cooled to 2.4%, its lowest level since October 2021. The data comes ahead of UK inflation data tomorrow and a speech by BoE governor Andrew Bailey later today. [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":4916,"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-117777","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 hold steady at \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\/109090-gbp-eur-pair-hold-steady-at-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\\\/109090-gbp-eur-pair-hold-steady-at-e1-17\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109090-gbp-eur-pair-hold-steady-at-e1-17\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pair hold steady at \u20ac1.17\",\"datePublished\":\"2024-05-21T12:30:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109090-gbp-eur-pair-hold-steady-at-e1-17\\\/\"},\"wordCount\":114,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109090-gbp-eur-pair-hold-steady-at-e1-17\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100663-gbp-eur-gross-domestic-product.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\\\/109090-gbp-eur-pair-hold-steady-at-e1-17\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109090-gbp-eur-pair-hold-steady-at-e1-17\\\/\",\"name\":\"GBP\\\/EUR: Pair hold steady at \u20ac1.17 - 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