{"id":117924,"date":"2024-06-19T13:15:03","date_gmt":"2024-06-19T12:15:03","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=117924"},"modified":"2024-06-19T12:59:39","modified_gmt":"2024-06-19T11:59:39","slug":"109131-gbp-eur-pair-rises-towards-e1-1850-2","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109131-gbp-eur-pair-rises-towards-e1-1850-2\/","title":{"rendered":"GBP\/EUR: Pair rises towards \u20ac1.1850"},"content":{"rendered":"<p>The pound euro exchange rate <a href=\"https:\/\/currencylive.com\/exchange-rate\/1000-gbp-to-eur-exchange-rate-today\/\">(GBP\/EUR<\/a>) is rising after 3-days of losses.<\/p>\n<p>The pound is rising after data showed that inflation cooled to 2% Yo in May, the BoE target level for the first time since July 2021.<\/p>\n<p>However, the service sector inflation was hotter than expected at 5.7%, down from 5.9% but higher than 5.5% forecast.<\/p>\n<p>The BoE is unlikely to cut rates tomorrow but could prepare the market for an August cut should service sector inflation cool further.<\/p>\n<p>The euro is drifting lower in quiet trade. The eurozone economic calendar is quiet. Yesterday German ZEW economic sentiment was weaker than expected, and inflation rose in May.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pound euro exchange rate (GBP\/EUR) is rising after 3-days of losses. The pound is rising after data showed that inflation cooled to 2% Yo in May, the BoE target level for the first time since July 2021. However, the service sector inflation was hotter than expected at 5.7%, down from 5.9% but higher than [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5635,"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-117924","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 rises towards \u20ac1.1850 - 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\/109131-gbp-eur-pair-rises-towards-e1-1850-2\/\" \/>\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\\\/109131-gbp-eur-pair-rises-towards-e1-1850-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109131-gbp-eur-pair-rises-towards-e1-1850-2\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pair rises towards \u20ac1.1850\",\"datePublished\":\"2024-06-19T12:15:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109131-gbp-eur-pair-rises-towards-e1-1850-2\\\/\"},\"wordCount\":109,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109131-gbp-eur-pair-rises-towards-e1-1850-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100658-gbp-eur-uk-gdp-rebounds.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\\\/109131-gbp-eur-pair-rises-towards-e1-1850-2\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109131-gbp-eur-pair-rises-towards-e1-1850-2\\\/\",\"name\":\"GBP\\\/EUR: Pair rises towards \u20ac1.1850 - 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