{"id":117813,"date":"2024-05-29T11:06:33","date_gmt":"2024-05-29T10:06:33","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=117813"},"modified":"2024-05-30T15:35:15","modified_gmt":"2024-05-30T14:35:15","slug":"gbp-eur-euro-falls-ahead-of-german-inflation-data-3","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/gbp-eur-euro-falls-ahead-of-german-inflation-data-3\/","title":{"rendered":"GBP\/EUR: Euro falls ahead of German inflation data"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) is falling after yesterday\u2019s gains<\/strong><\/li>\n<li><strong>There are no fresh UK catalysts<\/strong><\/li>\n<li><strong>Euro (EUR) falls despite improving German consumer confidence<\/strong><\/li>\n<li><strong>German inflation is expected to rise to 2.4% YoY<\/strong><\/li>\n<\/ul>\n<p>The Pound Euro (<a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-eur-exchange-rate-today\/\">GBP\/EUR<\/a>) exchange rate is rising after losses yesterday. The pair rose -0.06% in the previous session, settling on Tuesday at \u20ac1.1751 and trading in a range between \u20ac1.1737 and \u20ac1.1772. At 11:00 UTC, GBP\/EUR trades +0.16% at \u20ac1.1770.<\/p>\n<p>The euro is heading lower after regional German inflation data and ahead of the German inflation report for the whole country, which is due later today.<\/p>\n<p>Economists expect inflation in the eurozone\u2019s largest economy to rise modestly to 2.4%, up from 2.2% year over year in April.<\/p>\n<p>The data comes ahead of eurozone inflation data later in the week and after an ECB survey showed that consumer inflation expectations are down to 2.9% over the coming 12 months from 3%.<\/p>\n<p>Even a slight tick higher in German inflation is unlikely to knock the ECB off track for a rate cut in the June meeting. However, signs of persistently sticky inflation could prevent the ECB from steep rate cuts across the rest of the year after the joint meeting.<\/p>\n<p>ECB policymakers have mixed opinions about whether the central bank should cut rates back-to-back or whether there should be pauses between rate cuts to assess the impact of cuts on the economy.<\/p>\n<p>Meanwhile, German consumer confidence data shows a sharp increase in sentiment, rising to its highest level since April 2022. Consumer sentiment rose to -20.9, up from -24 amid cooling inflation and rising to wait great.<\/p>\n<p>Meanwhile, the pound is drifting higher amid a lack of fresh fundamental catalysts. The UK economic calendar is quiet, with no high-impacting data or central bank speakers. Data yesterday showed that shop price inflation eased to its lowest level since 2021.<\/p>\n<p>Attention will be on the UK elections on 4<sup>th<\/sup> July as both parties lay out their policies.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is falling after yesterday\u2019s gains There are no fresh UK catalysts Euro (EUR) falls despite improving German consumer confidence German inflation is expected to rise to 2.4% YoY The Pound Euro (GBP\/EUR) exchange rate is rising after losses yesterday. The pair rose -0.06% in the previous session, settling on Tuesday at \u20ac1.1751 and [&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-117813","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: Euro falls ahead of German inflation data - 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-euro-falls-ahead-of-german-inflation-data-3\/\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-euro-falls-ahead-of-german-inflation-data-3\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-euro-falls-ahead-of-german-inflation-data-3\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Euro falls ahead of German inflation data\",\"datePublished\":\"2024-05-29T10:06:33+00:00\",\"dateModified\":\"2024-05-30T14:35:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-euro-falls-ahead-of-german-inflation-data-3\\\/\"},\"wordCount\":324,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-euro-falls-ahead-of-german-inflation-data-3\\\/#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\\\/gbp-eur-euro-falls-ahead-of-german-inflation-data-3\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-euro-falls-ahead-of-german-inflation-data-3\\\/\",\"name\":\"GBP\\\/EUR: Euro falls ahead of German inflation data - 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