UK economy’s recovery f<\/a>rom a recession last year stalled in April. ONS data showed GDP fell to 0% MoM in April. This was after GDP growth of 0.4% MoM in March.<\/p>\nWeak growth comes as unemployment rose to a 2.5 year high in April. The data supports the view that the BoE could cut rates in August.<\/p>\n
The euro is weighing up an upward revision to German inflation data. CPI was revised higher to 2.8% YoY in May, up from 2.4% in the preliminary reading.<\/p>\n
Political uncertainty in France is limiting any gains in the common currency.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is holding steady after 3 days of gains. The UK economy’s recovery from a recession last year stalled in April. ONS data showed GDP fell to 0% MoM in April. This was after GDP growth of 0.4% MoM in March. Weak growth comes as unemployment rose to a 2.5 […]<\/p>\n","protected":false},"author":163946598,"featured_media":4569,"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-117887","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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